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;...

Third party rights

(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...

Multinational business

Means a measured entity with a business in the Republic of South Africa and elsewhere which maintains its international headquarters outside the republic; Means a measured entity with a business in the Republic of South Africa and elsewhere which maintains its international headquarters outside the republic;  

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...