Medicines and Related Substances Act, 1965
R 385
Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Amended Codes of Good Practice (2013)Amended Code Series 100: Measurement of the Ownership Element of Broad-Based Black Economic EmpowermentStatement 100: The General Principles for Measuring OwnershipKey measurement principles3.5 Exclusion of Specified Entities when Determining Ownership |
| 3.5 | Exclusion of Specified Entities when Determining Ownership |
| 3.5.1 | When determining Ownership in a Measured Entity, Ownership held by Organs of State or Public Entities must be excluded. |
| 3.5.2 | Exclusion of Ownership held by the Organs of State or Public Entities is to be effected before any other Ownership discounting methods are to be applied. |
| 3.5.3 | In calculating their Ownership score, Measured Entities must apply the Exclusion Principle to any portion of their Ownership held by Organs of State or Public Entities. |
