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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 800 : Codes of Good Practice for Qualifying Small Enterprises (QSE’s)

2. Statement 801 : Ownership for QSE’s

2.2 Key measurement principles

 

2.2.1) General principles:

 

2.2.1.1) An Enterprise receives points for participation by black people in its rights of ownership, using the QSE ownership scorecard. Black people may hold their rights of ownership in a Measured Enterprise as direct Participants or as Participants through a business such as:
• a company with shares;
• a close corporation;
• a co-operative;
• any form of Juristic person recognised under South African law;
• a partnership or other association of natural persons;
• an Employee Share Ownership Scheme;
• a Broad-Based Ownership Scheme; and
• a trust.