Definition in terms of the B-BBEE Codes of Good Practice of 11th October 2013 (BEE Codes 2013)
Means the later occurring of the date of commencement of statement 100 and the date upon which the earliest of all still operative transactions undertaken by the Measured Entity in order to achieve black rights of ownership, became effective and unconditional;
BizAdvance Consulting comments and references:
Relates to the Ownership element of the scorecard, Statement 100, Page 14.
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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