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

Industry Charters

Financial Services  Charter

Code Series FS100: Measurement of the Ownership Element of Broad-Based Black Economic Empowerment

Statement 102: Recognition of the Sale of Assets

1. Objectives of this statement

 

The objectives of this statement are to:

 

1.1 Set out the conditions where the Sale of Assets, Equity Instruments and other Businesses will be recognised.

 

1.2        Set out how the Ownership points will be determined.