Category: Knowledge and Resources Centre

Means a qualifying small entity that qualifies for measurement under the qualifying small entity scorecard with a turnover of between R5-million and R35-million; “Qualifying enterprise development contributions” is a collective term describing category A and B enterprise development contributions and in particular enterprise development contributions targeting black-owned EME’s and QSE’s,...

Means an entity in which:(a) Black women hold more than 30% of the exercisable voting rights as determined under code series 100;(b) Black women hold more than 30% of the economic interest as determined under Code series 100; and(c) Has earned all the points for net value under statement 100....

Means the plan of a measured entity approved by the relevant seta.  

Means a recently formed or incorporated entity that has been in operation for less than one year. A start-up enterprise does not include any newly constituted enterprise which merely a continuation of a pre-existing enterprise;  

Means an entity as defined in section 30 of the Income Tax act of 1962;  

Means an entity as well as an organ of state or public entity subject to measurement under the codes;  

Means the weightings applied to various elements in the generic scorecard;  

Means a standard valuation method for an asset, and economic interest, or any other instrument or right relevant to measurement under statement 100, undertaken using normal valuation methods that represent standard market practice;  

Means a third party fund through which investments are made on behalf of the actual owners of the funds pursuant to a mandate given by that person to the private equity fund;  

Meaning any investments made by or through any third party regulated by legislation on behalf of the actual owner of the funds, pursuant to a mandate given by the owner to a third party, which mandate is governed by that legislation. Some examples of domestic mandated investments and the portions...

Means a voting right attaching to an equity instrument owned by or held for a participant measured using the flow-through principle or the control principle;  

Socioeconomic development programmes commonly take the following forms: (a) Development programmes for women, youth, people with disabilities, people living in rural areas; (b) Support of healthcare and HIV/AIDS programmes; (c) Support for education programmes, resources and materials at primarily, secondary and tertiary education level, as well as bursaries and scholarships;...

Means core, critical and scare skills as well as any skills specifically identified:(a) In a sector skills plan issued by the department of labour of the Republic of South Africa; and(b) By the Joint Initiative for Priority Skills Acquisition (Jipsa established as part of the Accelerated and Shared Growth Initiative...

Means an entity registered as a vendor under the Value-Added Tax of 1991, whose net profit before tax summed with its total labour cost exceeds 25% of the value of its total revenue;  

Means the Skills Development Levies Act of 1999;  

Means the Public Finance Management Act 1 of 1999 as amended;  

Means a joint venture between two or more measured entities effected by agreement without incorporation;  

Comprises the money that a measured entity spends on skills development. It excludes the skills development payable by the measured entity under the Skills Development Levies Act;  

Means a natural person holding rights of ownership in a measured entity;  

Means any learning programme of the measured entity that is not a certified learning programme;  

Means the Skills Development Act of 1998;  

Has the same meaning as referred to in the ownership scorecard in statement 100;  

Means the sectoral transformation charters referred to in section 1.2 of the act;  

Means employees of a measured entity who are:(a) Members of the occupation category of “top management” as determined using the BEE regulations as qualified in a sector code;(b) Appointed by or on the authority of the board to undertake the day-to-day management of that measured entity and who:(i) Have individual...

Means any expenditure incurred in:(a) Procuring the series of or from a labour broker; and(b) Procuring the services of any person who receives any remuneration or to whom any remuneration accrues because of any services rendered by such person to or on behalf of a labour broker;  

Means the total income of an entity from its operations as determined under Generally Accepted Accounting Practice;  

Means a code in statement 003 which is applicable to a particular sector; Means the entity or the person concluding a qualifying transaction with the associated enterprise;  

Means a non-profit organisation registered under the Non-Profit Organisation Act of 1997;  

Means the total amount of remuneration paid by an entity to its employees determined using section 3(4) of the Skills Development Levies Act of 1999 and the fourth schedule of the Income Tax Act of 1962;  

Means an association not for gain incorporated under section 21 of the Companies Act;