Older Persons Act, 2006
R 385
Broad Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentCode Series 800 : Codes of Good Practice for Qualifying Small Enterprises (QSE’s)2. Statement 801 : Ownership for QSE’s2.4 The bonus points |
| 2.4.1) | A Measured Enterprise with 25% black Economic Interest, can receive a maximum of 2 bonus points for a 10% holding of Economic Interest by black women. |
| 2.4.2) | A Measured Enterprise with 25% black Economic Interest, can receive a maximum of 1 bonus point for a 10% holding of Economic Interest by black Participants in: |
| 2.4.2.1) | Employee Share Ownership Schemes; |
| 2.4.2.2) | Co-operatives; or |
| 2.4.2.3) | Broad-Based Ownership Schemes. |
| 2.4.3) | A Qualifying Small Enterprise may benefit from any of the other statements in the Code series 100. When electing to benefit from any of those statements, the provisions of those statements apply to the Qualifying Small Enterprise. |
| 2.4.4) | The Qualifying Small Enterprise Ownership Scorecard remains applicable to Qualifying Small Enterprise's even if they benefit from other statements in the Code series 100. |
| • | Any interpretation or calculation of a QSE's score for ownership must be made in accordance with statement 100. |
| 2.4.5) | Without limiting the generality of the preceding clause, the following matters dealt with in code 100 apply expressly to QSEs - |
| 2.4.6) | The Flow-Through Principle |
| • | Specific rules on certain types of enterprises (Broad-Based Ownership Schemes; Employee Share Ownership Schemes and Trusts). |
