Definition in terms of the B-BBEE Codes of Good Practice of 11th October 2013 (BEE Codes 2013)
Means a percentage ownership performance for all the indicators in the Associated Enterprise’s Ownership Scorecard arising from a Qualifying Transaction included in the Ownership Scorecard of the beneficiary entity;
BizAdvance Consulting comments and references:
Relates to the Ownership element of the scorecard, and is an alternative to alienating equity for the purposes of achieving Ownership in terms of the Codes. It applies to Multinational entities.
Comments are based on the opinion of BizAdvance Consulting and may be subject to different interpretations and opinions by other parties. The comments and references are intended as a guide to readers but it is important that they are read in conjunction with the Codes and other related legislation. Please refer to our Disclaimer Policy.