Definition in terms of the B-BBEE Codes of Good Practice of 11th October 2013 (BEE Codes 2013)
Means a standard valuation method for an asset, an Economic Interest, or any other instrument or right relevant to measurement under statement 100, undertaken using normal valuation methods that represent standard market practice;
BizAdvance Consulting comments and references:
Relates to the Ownership element of the scorecard, Statement 100, Page 14.
Refer to Statement 000 clause 2.7 page 6.
It also relates to valuations of contributions to Enterprise Development and Supplier Development in Statement 400 clause 4.7, page 66, and Socio-Economic Development in Statement 500 clause 3.1.1, page 84.
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.