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

Codes of Good Practice on Black Economic Empowerment

Purchase

2.3.1)

Ownership Fulfilment occurs:

2.3.1.1)

on the release of all black Participants in a Measured Enterprise from all third-party rights; or

2.3.1.2)

if black Participants have never been subject to any third-party rights,

2.3.1.3)

a minimum score of 7 points for Net Value is a requirement for the award of the Ownership Fulfilment point.