Category: COGP-2007

Definition of Black

The B-BBEE Amendment Act 2013 defines Black as follows: ‘black people’ is a generic term which means Africans, Coloureds and Indians—(a) who are citizens of the Republic of South Africa by birth or descent; or(b) who became citizens of the Republic of South Africa by naturalisation—(i) before 27 April 1994;...

QSE

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,...

Mandated investments

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...

Socioeconomic development programmes

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;...

Priority skills

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...

Senior top management

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...