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Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Codes of Good Practice on Black Economic Empowerment

Code Series 100: Measurement of the Ownership Element of Broad-Based Black Economic Empowerment

Statement 100 : The General Principles for Measuring Ownership

Annexe 100(A) : Examples of Mandated Investments

 

Description of investment

Portion Subject to Exclusion Principle

Investments made by or for a collective investment scheme as defined in the Collective Investments Schemes Control Act of 2002

Full value

Investments made by or for a pension fund as defined in the Pension Fund Act of 1956

Full value

Investments made by or for a medical scheme as defined in the Medical Schemes Act of 1998 out of member's funds

Portion recorded as made out of member’s funds

Investments made by or for long-term insurers as defined in the Long-Term lnsurance Act of 1998 out of policyholder funds

Portion recorded as made out of policyholder funds

Investments made by or for a friendly society as defined in the Friendly Societies Act of 1956

Full value

Investments made by or for a bank as defined in the Banks Act of 1990 out of depositor funds as opposed to own reserves

Depositor portion determined by apportioning investment in the ratio that depositor funds to own reserves

Investments made by or for a mutual bank as defined in the Mutual Banks Act of 1993 out of depositor funds as opposed to own reserves

Depositor portion determined by apportioning investment in the ratio that depositor funds to own reserves