Black Entity means a vesting trust which qualifies for recognition under the BEE Codes, a broad-based ownership scheme, a close corporation, or an unincorporated entity or association, including a partnership, joint venture, syndicate or stokvel, as may be determined by Vodacom SA in its sole discretion as an entity or association which may enable Vodacom SA to claim BEE scorecard points pursuant to the BEE Codes;
Black Entity means (i) a vesting trust, (ii) a broad based ownership scheme, and (iii) an unincorporated entity or association, including a partnership, joint venture, syndicate or Stokvel, in each case under (i) to (iii) as may be determined from time to time (generally or in relation to any particular BlackEntity or category of Black Entities) by MTN in its sole discretion as an entity or association which qualifies under the BEE Legislation (and the Codes in particular) for recognition and measurement of ownership, economic interest and control by Black People such that the MTN SA Group may claim recognition of such ownership, economic interest and control under the BEE Legislation as all being held by a majority of Black People;
Black Entity means a trust, partnership, joint venture, “stokvel”, Broad-Based Ownership Scheme (as contemplated in the Codes) or other such unincorporated entity or association, which has as the majority of its beneficiaries and trustees or other such representative of its governing body (as the case may be), Black Companies and/or Black People;
Examples of Black Entity in a sentence
Black Entities such as Stokvels • The following additional BEE Ownership Documents are required: o Constitutional documents, founding documents or other such documents, as currently in force; o List of members of the Black Entity, if not included in the founding documents; o Any rules or regulations governing the operation and management of the Black Entity.
More Definitions of Black Entity
Black Entity. “ means a vesting trust which qualifies for recognition under the Codes, a broad-based ownership scheme (as contemplated in the Codes), a close corporation, or an unincorporated entity or association, including a partnership, joint venture, syndicate or “stokvel“ as may be determined by Sasol in its sole discretion, and notified to Sasol Inzalo, as an entity or association, which may enable Sasol to claim points pursuant to the Codes;
Black Entity means a company or close corporation (but excluding a trust), incorporated in accordance with the Laws of the RSA, having a shareholding or similar member's interest, of which 100% of the exercisable voting rights and economic interests and without having applied the modified flow through principle, as defined in the BEE Codes, are enjoyed by Black People, provided that, if an entity qualifies as a Black Entity at the date of the acquisition by it of "A" Shares, it shall be deemed, in respect of the "A" Shares concerned, to constitute a Black Entity notwithstanding any subsequent amendment of the BEE Act and/or BEE Codes after the date of such acquisition;
Black Entity means a vesting trust which qualifies for recognition under the Codes, a broad-based ownership scheme (as contemplated in the Codes), a close corporation, or an unincorporated entity or association, including a partnership, joint venture, syndicate or “stokvel” as may be determined by Sasol in its sole discretion as an entity or association, which may enable Sasol to claim points pursuant to the Codes;
Black Entity. 7 means a trust, partnership, joint venture, syndicate, "stokvel", Broad Based Ownership Scheme, or other such unincorporated entity or association, which has as the majority of its beneficiaries and trustees or other such representative of its governing body (as the case may be), Black Companies and/or Black People; provided, however, that such Black Entities (and trusts, broad-based ownership schemes and distribution schemes, in particular) comply with and qualify under the BBBEE Legislation (and the BEE Codes in particular) for recognition and measurement of ownership by Black People.
Black Entity means (i) a vesting trust, (ii) a broad based ownership scheme, and
Black Entity. (i) a vesting trust, (ii) a broad based ownership scheme, and (iii) an unincorporated entity or association, including a partnership, joint venture, syndicate or Stokvel, in each case under (i) to (iii) as may be determined from time to time (generally or in relation to any particular Black Entity or category of Black Entities) by MTN in its sole discretion as an entity or association which qualifies under the BEE Legislation (and the Codes in particular) for recognition and measurement of ownership, economic interest and control by Black People such that the MTN SA Group may claim recognition of such ownership, economic interest and control under the BEE Legislation as all being held by a majority of Black People;
Black Entity. 7 means a trust, partnership, joint venture, syndicate, “stokvel”, Broad Based Ownership Scheme, or other such unincorporated entity or association, which has as the majority of its beneficiaries and trustees or other such representative of its governing body (as the case may be), Black Companies and/or Black People; provided, however, that such Black Entities (and trusts, broad-based ownership schemes and distribution schemes, in particular) comply with and qualify under the BBBEE Legislation (and the BEE Codes in particular) for recognition and measurement of ownership by Black People.