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THE

BEECHAMBER

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NEWS

ENHANCED RECOGNITION – IS IT TRUE ‘BLACK’ OWNERSHIP?




The below Q & A was published on the dtic Website under the B-BBEE FAQs regarding B-BBEE Sworn Affidavits for EMEs and QSEs with more than 51% Black Ownership in a complex ownership structure involving Black private equity.


Q | Can an organisation apply enhanced recognition for ‘Black’ private equity fund managers, in other words recognise it as true ‘Black’ Ownership?


A | Statement 100 point 3.10.1 allows an organisation to treat ownership arising from private equity funds as if that ownership is held by 'Black' People, where the private equity fund meets specific criteria points 3.10.1.1 through to 3.10.1.3 stipulate.


Ownership Services are available to assist members in implementing complex Ownership transactions.

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