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

Codes of Good Practice on Black Economic Empowerment

Purchase

B-BBEE Element

Indicators of Empowerment

Private Sector 5

Year Targets

Private Sector Weightings

Foreign Ownership:

Provide evidence of a global practice against selling equity to locals in investee countries

25% of the value of the South African operations of the Multinational, determined using a Standard Valuation; OR

4% of Total Revenue from its South African operations annually over the period of continued measurement Equity Equivalence

4% of Total Revenue from its South African operations annually over the period of continued measurement 20