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

Amended Codes of Good Practice (2017)

Amended Code Series CSC100: Measurement of the Ownership Element of Broad-Based Black Economic Empowerment in the Construction Sector

Statement CSC100: The General Principles for Measuring Ownership

Annexe CSC100 (E

3. Calculation of Deemed Value

 

3.1 In calculating the "Deemed Value" referred to in Formula 4 below, the following formula applies:

 

Where

 

A is the Deemed Value

 

B for the purposes of Formula 4 below is the value of the Equity Instruments relevant to the calculation, determined on the Date of Measurement

 

B for the purposes of Formula 5 below is the value of the Equity Instruments relevant to the calculation, determined on the date of sale or loss

 

C for the purposes of Formula 4 below is the carrying value of any Acquisition Debts of the relevant Black participants on the Date of Measurement

 

C for the purposes of Formula 5 is the carrying value of any Acquisition Debts of the relevant Black participants on the date of sale or loss

 

D for the purposes of Formula 4 below is the value of the Measured Entity on the date of measurement

 

D for the purposes of Formula 5 below the value of the Measured Entity (inclusive of the black Equity Instruments sold or lost)Black on the date of sale or loss

 

D for the purposes of the Exclusion Principle is the value of the measurable portion of the Measured Entity on the Date of Measurement