Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Industry Charters

Financial Services  Charter

Code Series FS100: Measurement of the Ownership Element of Broad-Based Black Economic Empowerment

Statement 100: The General Principles for Measuring Ownership

1. Objectives of this statement
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The objectives of this statement are to:

 

1 .1Specify the scorecard for measuring the Ownership Element of B-BBEE;

 

1.2Define the key measurement principles associated with the Ownership Element of B-BBEE;

 

1 .3Specify the specific measurement principles applicable to various types of enterprises;

 

1.4Specify the specific measurement principles applicable to various types of equity instruments; and

 

1.5Specify the formula for measuring Voting Rights, Economic Interest, Net Value Points, Realisation Points and Bonus Points.