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

1. Objectives of this statement
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The objectives of this statement are to:

1.1Specify the scorecard for measuring the ownership Element of Broad-Based Black Economic Empowerment (B-BBEE);
1.2Define the key measurement principles associated with the ownership Element of B-BBEE;
1.3Specify the specific measurement principles applicable to various types of Enterprises;
1.4Specify the specific measurement principles applicable to various types of Equity Instruments;
1.5Specify the formula for measuring Voting Rights, Economic Interest, Realisation Points and bonus points.