Definition in terms of the B-BBEE Codes of Good Practice of 11th October 2013 (BEE Codes 2013)
30% Black Women Owned
Means an Entity in which:
a) Black Women hold more than 30% of the exercisable voting rights as determined under Code series 100;
b) Black women hold more than 30% of the economic interest as determined under Code series 100; and
c) Has earned all the points for Net Value under statement 100;
BizAdvance Consulting comments and references:
Relates to the Enterprise and Supplier Development element Statement 400, page 60. Refer clause 2.1.5 page 62.
Net Value is the value of equity which accrues to black shareholders over a period of time calculated as the difference between the market value of shares held by blacks at the measurement date, less the amount of loans relating to the acquisition of the shares outstanding at the same date. Refer to the formula in Annexe 100C page 32 of Statement 100
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