Older Persons Act, 2006
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 principles3.6 B-BBEE Facilitator Status |
| 3.6 | B-BBEE Facilitator Status |
| 3.6.1 | Despite paragraphs 3.5.1 and 3.5.3 above, the Minister may by notice in the gazette, designate certain Organs of State or Public Entities as B-BBEE Facilitators. In calculating their Ownership score, Measured Entities must treat B-BBEE Facilitators as having rights of Ownership held: |
| 3.6.1.1 | 100% by Black people; |
| 3.6.1.2 | 40% by Black women; |
| 3.6.1.3 | 20% by Black designated groups; |
| 3.6.1.4 | Without any acquisition debts; and |
| 3.6.1.5 | Without any third-party rights. |
