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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...

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 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;  

Means the instrument by which a participant holds rights of ownership in an enterprise;  

Means the Companies Act 61 of 1973, as amended or substituted;  

Bears the meaning as defined in the Skills Development Levies Act of 1999 as determined using the fourth schedule to the Income Tax Act;  

Means a public programme or scheme of any government department, provincial or local government in the republic of South Africa or any other programme approved by the minister as an equity-equivalent programme;  

Means the Codes of Good Practice including all the statements as issued under section 9 of the act;  

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;...

This refers to a definition from the 2007 Codes. You can view other definitions from the old codes or download the latest legislation. (a) Means unemployed black people not attending and not required by law to attend an educational institution and not awaiting admission to an educational institution; (b) Black...

Means the benefit factor matrix for enterprise development and socioeconomic development contributions annexed to statement 600, 700, 806 and 807;