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 103: The Recognition of Equity Equivalents

7. Specific Rules on Multinationals
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7.1Bonus points for Multinationals:

 

7.1.1Multinationals are not restricted to Equity Equivalent Programmes in the Financial Sector. However in order to qualify for the bonus point under paragraph 2.2 of Table 2b of the Ownership scorecard the 25% Direct Ownership target must be achieved via Equity Equivalent Programmes targeted within the Financial Sector.