BEE Facilitator Status - What is it and what does it mean?

November 3, 2016

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 

 

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