As per Schedule 1 of the Amended General B-BBEE Codes of Good Practice, 51% Black Owned and 51% Black Women Owned is defined as follows:
“51% Black Owned means an Entity in which:
(a) Black people hold at least 51% of the exercisable voting rights as determined under Code series 100;
(b) black people hold at least 51% of the economic interest as determined under Code series 100; and
(c) has earned all the points for Net Value under statement 100;”
“51% Black Women Owned means an Entity in which:
(a) Black women hold at least 51% of the exercisable voting rights as determined under Code series 100.
(b) Black women hold at least 51% of the economic interest as determined under Code series 100; and
(c) has earned all the points for Net Value under statement 100;”
Technical Compliance Services are available to assist Members in understanding definitions under Schedule 1 of the Amended General B-BBEE Codes of Good Practice.