How to calculate the public interest score (PIS) of a company or close corporation

Published by Pieter De Villiers on 22 Jun 2020

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a number of points equal to the average number of employees of the company during the financial year;
one point for every R1 million (or portion thereof) in third party liability of the company, at the financial year end;
one point for every R1 million (or portion thereof) in turnover during the financial year; and
one point for every individual who, at the end of the financial year, is known by the company
in the case of a profit company, to directly or indirectly have a beneficial interest in any of the company’s issued securities; or
in the case of a non-profit company, to be a member of the company, or a member of an association that is a member of the company.