Statement 103 : The Recognition of Equity Equivalents

Issued under Section 9 of the Broad-Based Black Economic Empowerment Act of 2003

Arrangement of this statement

1. Objectives of this statement

2. Key measurement principles

3. Recognition of Equity Equivalent Programmes

4. Measurement of Equity Equivalent Contributions on the Ownership Scorecard

5. Two Specific Examples of Equity Equivalent Programmes

6. Specific rules on Multinationals