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ENHANCED RECOGNITION – IS IT TRUE ‘BLACK’ OWNERSHIP?


The dtic website's Q&A addresses the recognition of 'Black' private equity fund managers in the context of B-BBEE Sworn Affidavits. It states that organizations can treat ownership from private equity funds as if it is held by 'Black' individuals, provided the funds meet specific criteria detailed in Statement 100 point 3.10.1 and its subsections. Enhanced recognition for 'Black' ownership is thus possible under these conditions, with Ownership Services available to assist in navigating complex ownership transactions.


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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