Many may not be familiar with the formal definition of a Black New Entrant as it only features under the Ownership Scorecard. As per Schedule 1 of the Amended General B-BBEE Codes of Good Practice , “Black New Entrants” means: Black participants who hold rights of ownership in a Measured Entity and who, before holding the Equity Instrument in the Measured Entity, have not held equity instruments in any Entity which has a total value of more than R50,000,000.00 measured using a stand...
