Transcription of DEPARTMENT OF TRADE AND INDUSTRY NO. 551 …
1 THRESHOLD FOR MAJOR B - bbee TRANSACTIONSNOTICEOF 2017 DEPARTMENT OF TRADE AND INDUSTRYI Dr Rob Davies, Minister of TRADE and INDUSTRY , by virtue of the powers vested in me interms of Section 13 F (1)(f) of the Broad -Based Black Economic Empowerment Act,2003 as amended by B - bbee Amendment Act of 2013. hereby Gazette theThreshold for Major B - bbee Major B - bbee transactions, as per code 100 of the Codes of Good Practice asamended. which Transaction Value equals or exceeds R25 beregistered with the B - bbee Commission. This excludes Statement parties /entities involved in the Transaction need to register the Transactionas a collective with the B - bbee Major B - bbee transactions concluded on or after the proclamation date of the B- bbee Act, 2003 as amended. namely 24th October 2014, but before the finalpublication date of this Notice.
2 Which equals or exceeds the above threshold must beregistered with the B - bbee Commission within 60 calendar days of the finalpublication of this person may voluntarily register any Major B - bbee transaction consistent withthe above threshold,concluded before 24th October 2014 with the B -BBEEC ommissionThis gazette is also available free online at STAATSKOERANT, 9 JUNIE 2017 No. 40898 95 DEPARTMENT OF TRADE AND INDUSTRYNO. 551 09 JUNE 2017551 Broad-Based Black Economic Empowerment Act, 2003 as amended: Threshold for major B- bbee Transactions /entitiesinvolvedinthe Transaction must submit documents fortheregistration of a Major B - bbee transaction according to the requirements prescribedby the B - bbee Commission"A Major B - bbee Transaction" means any transaction between entities /parties thatresultsin Ownership Recognitionin terms of Statement 100.
3 The Threshold ofregistering the Transaction with the B - bbee Commission is based on the TransactionValue excluding administration, professional and legal ,TransactionValuemeansthevalueoftheSaleo fAsset /Business /Equity above threshold may be amended from time to time by Notice in the Gazette asdetein d by the Minister.`..,DR ROB DAVIES, MPMINISTER OF TRADE AND INDUSTRYDATE:This gazette is also available free online at No. 40898 GOVERNMENT GAZETTE, 9 JUNE 2017
