Statistics Act, 1999
R 385
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 102 : Recognition in the sale of assets4. Measurement Principles |
| 4.1) | The calculation of the ownership points in terms of paragraph 2.3.2 of the Ownership scorecard must be based on: |
| 4.1.1) | the value of the transaction; |
| 4.1.2) | the value of Equity Instruments held by black Participants in the Associated Enterprise; and |
| 4.1.3) | the carrying value of the Acquisition Debt of black Participants in the Associated Enterprise. |
| 4.2) | All calculations in terms of paragraph 4.1.1 to 4.1.3 must use a Standard valuation method. |
| 4.3) | The Seller may claim the point for Ownership Fulfilment only if both the Seller and the Associated Enterprise comply with the requirements for the award of that point. |
| 4.4) | Equivalency Percentages under this statement: |
| 4.4.1) | apply only to the ownership indicators in paragraphs 2.1 and 2.2 of the Ownership Scorecard; |
| 4.4.2) | do not apply to the ownership indicators in paragraphs 2.3 and 2.4 of the Ownership Scorecard. |
| 4.5) | The Seller must include the Equivalency Percentages in its own Ownership Scorecard as if those percentages arose from black ownership of Equity Instruments in the Seller. The Equivalency Percentages for the indicators in paragraphs 2.1 and 2.2 of the Ownership Scorecard can be calculated in terms of Annexe 102(A). |
