DEFINITIONS OF 51% BLACK OWNED AND 51% BLACK WOMEN OWNED

As per Schedule 1 of the Amended General B-BBEE Codes of Good Practice, 51% Black Owned and 51% Black Women Owned is defined as follows:

“51% Black Owned means an Entity in which:

(a)      Black people hold at least 51% of the exercisable voting rights as determined under Code series 100;

(b)     black people hold at least 51% of the economic interest as determined under Code series 100; and

(c)      has earned all the points for Net Value under statement 100;”

“51% Black Women Owned means an Entity in which:

(a)      Black women hold at least 51% of the exercisable voting rights as determined under Code series 100.

(b)     Black women hold at least 51% of the economic interest as determined under Code series 100; and

(c)      has earned all the points for Net Value under statement 100;”

Technical Compliance Services are available to assist Members in understanding definitions under Schedule 1 of the Amended General B-BBEE Codes of Good Practice.