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

Industry Charters

Purchase

5.1	A Seller seeking recognition of a Transaction in its Ownership Scorecard must determine that recognition under paragraph 4 in compliance with paragraph 2.3 of Statement 000:

5.1.1

For the first three years after the transaction, based on data current on date of measurement;

5.1.2

For each year thereafter, based on:

5.1.2.1

The Indicator Percentages at the date of measurement; and

5.1.2.2

The values of the Qualifying Transaction and benefit to the Seller at the date of measurement in the third year after the transaction.