B-BBEE status definition

B-BBEE status level of contributor” means the B-BBEE status of an entity in terms of a code of good practice on black economic empowerment, issued in terms of section 9(1) of the Broad- Based Black Economic Empowerment Act;

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B-BBEE status means the B-BBEE status or rating of a Person under the B-BBEE Legislation.

B-BBEE status means the B-BBEE status of a Measured Entity as determined under statementETPSI-000; “B-BBEE Verification ProfessionalRegulator” means a body appointed by the Minister for the accreditation of rating agencies or the authorisation of B-BBEE verificationprofessionals; “Benefit Factor” means a factor specified in the Benefit Factor Matrix applicable to fixing the monetary value of Enterprise Development and Supplier Development and Socio Economic Development Contributions claimable under Statement ETPSI-400 andETPSI-500; “Benefit Factor Matrix” means the Benefit Factor Matrix for Enterprise Development and Supplier Development and Socio Economic Development Contributions annexed tostatement ETPSI-400 and ETPSI-500; “Black Designated Groups” means:(a) unemployed black people not attending and not required by law to attend an educational institution and not awaiting admission to an educational institution;(b) Black people who are youth as defined in the National Youth Commission Act of 1996;(c) Black people who are persons with disabilities as defined in the Code of Good Practice on employment of people with disabilities issued underthe Employment Equity Act;

Examples of B-BBEE status in a sentence

• Where a change in the Contractor’s legal status, ownership or any other change to his business composition or business dealings results in a change to the Contractor’s B-BBEE status, the Contractor notifies the Employer within seven days of the change.

• The Contractor is required to submit an updated verification certificate and necessary supporting documentation confirming the change in his B-BBEE status to the Employer within thirty days of the notification or as otherwise instructed by the Employer.

• Where, as a result, the Contractor’s B-BBEE status has decreased since the starting date the Employer may either re-negotiate this contract or alternatively, terminate the Contractor’s obligation to provide the service.

• B-BBEE Broad-Based Black Economic Empowerment B-BBEE status level of contributor The B-BBEE status received by a measured entity based on its overall performance using the relevant scorecard contained in the Codes of good practice on Black Economic Empowerment, issues in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act.

• To this end, the Service Provider undertakes to provide Transnet with a B-BBEE Improvement Plan to indicate the extent to which their B-BBEE status will be maintained or improved over the contract period, as per Annexure of the RFP.

More Definitions of B-BBEE status

B-BBEE status means the B-BBEE status of a Measured Entity as determined under statement 000

B-BBEE status means, in relation to a Black Group, the Black Group’s percentage ownership and percentage economic interest by Black People (by shareholding, membership, beneficial interest and/ or other comparable interest, as the case may be, given the juristic nature of the Black Group) and the Black Group’s percentage representation by Black People at board or trustee or similar governing body as measured by the applicable B-BBEE Legislation, and in relation to a natural person, whether that person is a Black Person;

B-BBEE status means the relative score, rating, standing, classification and/or measurement (or its equivalent) attributable to such person under the B-BBEE legislation from time to time reflecting its degree of compliance with the requirements under the applicable B-BBEE legislation;

B-BBEE status means, in relation to the Law Firm, its B-BBEE status, having regard to its overall performance using the relevant scorecard set out in the B-BBEE Act as reflected in the Law Firm’s Verification Certificate;

B-BBEE status means, in relation to a Black Group, the Black Group’s percentage ownership and percentage

B-BBEE status means in relation to a Black Group, the Black Group's percentage voting rights and percentage economic interest held by Black People (by shareholding, membership, beneficiary interest and/or other comparable interest, as the case may be, having regard to the juristic nature of the relevant Black Group), and in relation to a natural person, whether or not that person qualifies as a Black Person;

B-BBEE status. * means the B-BBEE status of a Measured Enti- ty as determined under statement 000 (paragraph 11.5).