Means a person who starts and/or operates a business which includes identifying opportunities in the market, taking risks with a view of being rewarded with profits;

Means any learning programme for which the measured entity has:(a) Any form of independent written certification as referred to in the “learning achievements” column of the learning programmes matrix; or if it does not have such certification;(b) An enrolment certificate issued by the independent person responsible for the issue of the certification referred to in statement 400 and 804 confirming the employee has:(i) Enrolled for, is attending and is making satisfactory progress in the learning programme;(ii) Enrolled for but not attended the learning; or(iii) Attended the training programme but has failed an evaluation of their learning progress;

Means the learning programme matrix annexure as annexure 400A 804(A) in statement 400 and 804;

Means a natural or a juristic person conducting a business, trade or profession in the republic of South Africa;

Means an ownership scheme which meets the rules set out in annexure 100B;

Means the Kings Report on Corporate Governance for South Africa 2002 by the King Committee on Corporate Governance of the Institute of Directors in South Africa;

(a) Category A enterprise development contributions involves enterprise development contributions to exempted micro-enterprises or qualifying small enterprises which are 50% black-owned or black-women owned;

(b) Category B enterprise development contributions involves enterprise development contributions to any other entity that is 50% black-owned or black-women owned; or 25% black-owned or black-women owned with a BEE status of between level one (1) and level six (6);

Means monetary or non-monetary contributions carried out for the following beneficiaries, with the objective of contributing to the development, sustainability and financial and operational independence of those beneficiaries:

Means black individuals who provide services of a professional nature;

Means the percentage compliance of the associated entity for all the indicators of the associated enterprises ownership scorecard. The calculation of indicator percentages follows the rules in statement 100 using the actual percentage compliance for each indicator and not the resulting scores;

Bears the meaning as defined in the Labour Relations Act 66 of 1995, as amended;

Has the meaning defined in the act qualified as including only natural persons who are citizens of the Republic of South Africa by birth or descent; or are citizens of the Republic of South Africa by naturalisation:(a) Occurring before the commencement date of the constitution of the Republic of South Africa Act of 1993; or(b) Occurring after the commencement date of the constitution of the Republic of South Africa Act of 1993, but who, without the apartheid policy would have qualified for naturalisation before then;

Means those members of the board that are independent directors as defined in the King Report;

Means the measurable quantitative or qualitative elements of BEE compliance in the generic scorecard and the primary codes;

Means a date specified by a measured entity as being the date from which its contributions are measurable before the commencement date of statement 600, 700, 806 and 807;

Means the regulations under the Employment Equity Act;

Means a higher education institution as defined under the Higher Education Act of 1997;

Means the Employment Equity Act of 1998, as amended;

Means the monetary value of qualifying contributions made by the measured entity to a beneficiary in the form of grants, donations, discounts and other similar quantifiable benefits which are not recoverable by the measured entity;

Means a claim against an entity representing a return on ownership of the entity similar in nature to a dividend right, measured using the flow through and, where applicable, the modified through principles;

Means a globally and uniformly applied practice of a multinational, restricting alienation of equity in or the sale of businesses in its regional operations. The practice must have existed before the promulgation of the act;

Economically active population as determined and published by Stats SA. The operative economically active population for the purposes of any calculation under the codes will be the most recently published economically active population;

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 broad-based black economic empowerment;

Means an entity with which a seller has concluded a qualifying transaction;

Means black participants who hold rights of ownership in a measured entity and who, before holding the equity instrument in the measured entity, have not held equity instruments in any other entity which has a total value of more than R20 000 000.00 (R20-million), measured using a standard valuation method;