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CLARIFICATION NOTE CN000(1)

CODE SERIES FS000, STATEMENT 000


Introduction

This Clarification Note is issued in terms of paragraph 13 of FS000, Statement 000 of the Amended FSC which states that the Financial Sector Transformation Council shall, from time to time, issue interpretive guides, guidance notes, practice directives and standards documents.

This document is intended to provide clarification on the application of the BBBEE recognition levels formula contained in paragraph 8.2.1 of FS000 Statement 000.


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