Definitions

Definition in terms of the B-BBEE Codes of Good Practice of 11th October 2013 (BEE Codes 2013)

Absorption

Acquisition Debt

Apprenticeship

Associated Entity

B-BBEE

B-BBEE Controlled Company

B-BBEE Fronting

B-BBEE Owned Company

B-BBEE Priority Element

B-BBEE Recognition Level

B-BBEE Status

B-BBEE Verification Professional Regulator

Benefit Factor

Benefit Factor Matrix

Black Designated Groups

Black New Entrants

Black People

Broad Based Ownership Scheme

Certified Learning Programme

Companies Act

Company Limited Guarantee

Competent Person

Core Skills

Critical Skills

EAP

Economic Interest

EE Act

EE Regulations

Elements

Employed Learner

Employee Disability

Employee

Employee Ownership Scheme

Empowering Supplier

Enterprise Development Contributions

Entity

Entrepreneur

Equity Equivalent Contribution

Equity Equivalent Investment Programme

Equity Instrument

Equivalency Percentage

Executive Members Board

Exempted Micro Enterprise

Exercisable Voting Rights

Global Practice

Grant Contribution

Group Structure

Higher Education Institution

Indicator Percentage

Industry Specific Initiatives

Internship

Junior Management

Learnership

Learning Programmes

Learning Programme Matrix

Management Fees

Mandated Investments

Measured Entity

51% Black Owned

51% Black Women Owned

30% Black Women Owned

Middle Management

Multinational Business

National Skills Development Strategy

Net Profit After Tax

Net Profit Before Tax

Net Value

Net Value Date

New Enterprise

Non Profit Organisation

Outsourced Labour Expenditure

Participant

Pivotal Report

Priority Skills

Private Equity Fund

Public Benefit Organisation

Qualifying Enterprise and Supplier Development Contributions

Qualifying Small Enterprise

Qualifying Socio-Economic Contributions

Qualifying Transaction

Related Enterprise

Rights Of Ownership

Scarce Skills

Section 21 Company

Sector Code

Seller

Senior Management

Skills Development Expenditure

Socio Economic Development Contributions

Socio Economic Project Contributions

Standard Valuation

Start-Up Enterprise

Subsidiary

Superior Contributor B-BBEE

Supplier

Supplier Development Contributions

Target

The Act

The Codes

The Generic Scorecard

The PMFA

The QSE Scorecard

The Skills Development Act

The Skills Development Levies Act

The Strategy Document

Third Party Rights

Total Labour Cost

Total Revenue

Transformation Charters

Unemployed Learner

Unincorporated Joint Venture

Voting Right

Weighting

Workplace Skills Plan