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

Industry Charters

Information and Communication Technology (ICT) Charter

ICT Sector Code for Black Economic Empowerment

Code Series 100: Measurement of the Ownership Element of Broad-Based Black Economic Empowerment

Statement 100: The General Principles for Measuring Ownership

10. Realisation points

Purchase

10.1	Ownership Fulfilment occurs:

10.1.1

on the release of all black Participants in a Measured Entity from all third-party rights arising from the financing of their transaction with the Measured Entity; or

10.1.2

if all black Participants in the Enterprise have never been subject to any such third-party rights.

10.1.3

A score of 7 points for Net Value is a requirement for awarding the Ownership Fulfilment point.