Category: Knowledge and Resources Centre

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;  

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 or entities in order to achieve black rights of ownership, became effective and unconditional;  

Means employees of a measured entity who hold rights of ownership, serve on the board, undertake the day to day management, have overall responsibility for the overall financial management and are actively involved in developing and implementing the overall strategy of the measured entity;  

Are those skills identified as being scarce by any seta;  

Means the percentage resulting from the formula in annexure 100(C) of statement 100;  

(a) Created against a black participant to secure, for a lender, repayment of a loan advance dot that participant for financing their purchaser of their equity instrument in the measured entity; (b) Held against a juristic person or trust that is in the chain of ownership between the measured entity...

Is a collective term for the right to economic interest and the right to exercisable voting rights;  

Means the operating profit of a measured entity before tax. It incorporates both the equity/loss figures and abnormal items, but excludes extra ordinary items as determined by Generally Accepted Accounting Practices (GAAP);  

Means the targets of the various elements in the generic and QSE scorecard;  

Means an entity controlled by a measured entity whether directly or indirectly controlled by the natural persons who have direct or indirect control over that measured entity or the immediate of those natural persons;  

Means the operating profit of a measured entity after tax. It incorporates both the equity/loss figures and abnormal items, but excludes extra ordinary items as determined by Generally Accepted Accounting Practices (GAAP);  

Means any supplier or service provider to a measured entity if any portion of the supply or service provision falls within the definition of total measured procurement spend;  

Means the ownership fulfilment point added to the net value points in the ownership scorecard;  

Means the national skills development strategy referred to in section 5(1)(a)(ii) of the Skills Development Act;  

Means the balanced BEE scorecard as contained in statement 100;  

Has the meaning defined in the code of good practice on key aspects of disability in the workplace issued under section 54 of the Employment Equity Act;  

Means an entity with an annual turnover of less than R5-million;  

Means those skills identified as being critical by any sector education and training authority (seta);  

Means those members of the board who are executive directors as defined in the King Report;  

(a) Value-adding to the activities of the measured entity in line with its core business; (b) In areas the measured entity cannot outsource; or (c) Within the production/operational part of the measured entity’s value-chain; as opposed to the supply side; services or downstream operations; Means skills that are:  

Means a percentage ownership performance for all the indicators in the associated enterprise’s ownership scorecard arising from a qualifying transaction included in the ownership scorecard of the beneficiary entity;  

Means a person who has acquired through training, qualification and experience the knowledge and skills necessary for undertaking any task assigned to them under the codes;  

Means an equity-equivalent contribution made by a multinational under an equity equivalent programme;  

Means a company as referred to in section 19(1)b of the Companies Act;  

Means the total economic interest received by a broad-base ownership scheme in any year less the amounts distributed or applied to beneficiaries and the amounts reserved for future distribution or application;