The Amended B-BBEE Codes of Good Practice, Gazette no.36928, page 19, section 3.6 says that, the Minister may by notice in the gazette, designate certain Organs of State or Public Entities as B-BBEE Facilitators. In calculating their Ownership score measured entities must treat B-BBEE facilitators as having rights of Ownership held as being:
100% Black Owned
40% Black Women Owned
20% Black Designated Groups
without any aquisition debts and,
without any third-party rights.
The Dti have recently gazetted a notice regarding the BEE facilitator status for the African Exploration Mining and Finance Corporation (AEMFC).
Click to download Notice 308 on BEE Facilitator Status