Definition in terms of the B-BBEE Codes of Good Practice of 11th October 2013 (BEE Codes 2013)
Means a sale of a business, valuable business assets or shares that result in the creation of sustainable business opportunities and transfer of specialised skills or productive capacity to Black people;
BizAdvance Consulting comments and references:
Relates to the Ownership element of the scorecard, Statement 100, Page 14.
It refers to the percentage points earned for the Ownership element arising from a Qualifying Transaction.
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.