Structure of Ownership has a significant bearing on Ownership Points 1. In terms of the Revised Codes, companies are incentivised to include specific categories of black people by enhancing the points awarded to companies who include these groups in their Ownership. The breakdown is as follows: Ownership Generic Scorecard Category
1. Net Value Transfer Requirement 1.1. This requirement of Ownership was enacted to address phantom ownership where black names would appear on shareholder registers without value ever accruing to those black shareholders. This was frequently the case in funded structures where interest rates were greater than the sum of
1. Key Inputs into Determination of Targets for Generic Enterprises 1.1. Generic Enterprises have a turnover greater than R50 million in the financial year prior to assessment. Note that the Codes do not recognise the difference between a service business and a high volume, low margin manufacturer. 1.2. The following
