When an organisation uses a Trust as a Special Purpose Vehicle for the Ownership element, points are awarded based on the Beneficiaries and not the Trustees. Put another way; a B-BBEE Verification does not measure the Trust itself. Still, it qualifies for Ownership points based on who the Beneficiaries are that hold the Rights of Ownership that are in no way limited.
Ownership measurement is on ‘Black’ People who have Voting Rights, Economic Interest and Net Value which collectively refer to Rights of Ownership. If the Rights of Ownership is limited in any way, a B-BBEE Rating Agency will not award points.
Technical Compliance Services are available to assist members with understanding Ownership claims.