Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentCode Series 100: Measurement of the Ownership Element of Broad-Based Black Economic EmpowermentStatement 100 : The General Principles for Measuring OwnershipAnnexe 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 |