Black Groups definition

Black Groups means Black Companies and Black Entities;

Black Groups means each company and other entity which qualifies as Black for purposes of the ownership criteria as contemplated in the B-BBEE Act;

Black Groups means a Black Company or a Black Entity;

Examples of Black Groups in a sentence

• Black Groups must appoint a person to be their Authorised Representative.

• Only Black People or Black Groups who we have confirmed are Eligible Persons, or who are treated by us as Eligible Persons, may apply to be confirmed as a BEE Verified Person.

• We have established procedures to ensure that Black Persons or Black Groups that own Shares, or that want to own Shares, are confirmed as Eligible Persons as well as that such Eligible Persons qualify as BEE Verified Persons.

• BANK VERIFICATIONWe confirm that the above information about the abovementioned Black Group's account at this bank is correct.

• The Black Group must put the elected Authorised Representative's name in the Verification Form (Black Groups) and provide us with the Supporting Documents we need.

• During the BEE Listing Period, only Black Persons and Black Groups who are Eligible Persons may own Shares, and only BEE Verified Persons may buy, sell, otherwise transfer or receive transfer of Shares.

• The YeboYethu MOI and the Transaction Agreements, which govern the relationship between YeboYethu shareholders, apply to Black People and Black Groups who own Shares.

• You must download and print the Verification Form (Black Groups) and complete it manually.

• We will review your Verification Form (Black Groups) and all Supporting Documents.

• The findings have several implications which help practitioners understand the role SM play in students’ lives.

More Definitions of Black Groups

Black Groups means each company and other entity which qualifies as Black for purposes of the ownership criteria as contemplated in the 8-BBEE Act;1.3.13. "Black People" or "Black Person/s" has the meaning ascribed to it under the 8-BBEE Act, being Africans, Coloureds and Indians, and who are natural persons and who are South African citizens by (i) birth or descent or(ii) naturalisation occurring (a) before 27 April 1994, or (b) on or after 27 April 1994 and who would have been entitled to acquire citizenship by naturalisation prior to that date, and "Black'' shall be construed accordingly;1.3.14. "Board" means the board of directors of the Company, acting either as such or through any committee or person, to which or whom the board of directors has delegated authority for the purposes of the Plan;1.3.15. "Business Day" means any day on which banks are generally open for business in the Republic of South Africa, except a Saturday, Sunday or official public holiday in the Republic of South Africa;1.3.16. "Capitalisation Shares" means the Elective Capitalisation Shares or Non­ Elective Capitalisation Shares, as the context dictates;1.3.17. "CCMA" means the Commission for Conciliation, Mediation and Arbitration established in terms of the LRA;1.3.18. "Charter" means any transformation charters issued under sections 9 and/or 12 of the B-BBEE Act or other charter of general application to the Company and/or Sasol (or relevant parts thereof);1.3.19. "Codes" mean the Codes of Good Practice on Broad-Based Black Economic Empowerment promulgated as regulations in terms of the 8-BBEE Act;1.3.20. "Companies Act" means the Companies Act, 71 of 2008;1.3.21. "Company" means Sasol South Africa Limited, a public limited liability company with registration number: 1968/013914/06, duly incorporated in accordance with the laws of the Republic of South Africa;1.3.22. "Consideration Assets" means those assets, other than cash, offered as consideration by an Offeror as contemplated in clauses 12 or 21;

Black Groups means Black Companies and Black Entities

Black Groups means Black Companies and Black Entities; * A summary of the current definition in the Codes is set out below for your convenience only, and such summary should not be construed as an interpretation of the Codes. A BEE controlled company is a company incorporated in accordance with the laws of South Africa and having a shareholding in which one or more Black People controls or control, on a flow-through basis (as such term is contemplated in the Codes), in excess of 50% of all exercisable voting rights in relation to the ordinary shares or other equity interest of such company, exercisable by members in general meeting or otherwise. † A summary of the current definition in the Codes is set out below for your convenience only, and such summary should not be construed as an interpretation of the Codes. A BEE owned company means a company incorporated in accordance with the laws of South Africa and having a shareholding in which one or more Black People:

Black Groups means Black Companies and Black Entities; 1 A summary of the current definition in the Codes is set out below for Your convenience only, and such summary should not be construed as an interpretation of the Codes. A BEE controlled company is a company incorporated in accordance with the laws of South Africa and having a shareholding in which one or more Black People controls or control, on a flow-through basis (as such term is contemplated in the Codes), in excess of 50% of all exercisable voting rights in relation to the ordinary shares or other equity interest of such company, exercisable by members in general meeting or otherwise.