Acts Online
GT Shield

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 Empowerment

Statement 100: The General Principles for Measuring Ownership

Key measurement principles

3.6 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.