What is a Public Interest Score?
The Public Interest Score (PI Score) assesses the public interest in your company, determining necessary auditing and reporting standards.
As mandated by the Companies Act of 2008, businesses in South Africa must calculate their Public Interest Score for each financial year.
The Public Interest Score of a company is calculated as the sum of the following:
a number of points equal to the average of employees of the company during the financial year (“employee”, has the meaning set out in the Labour Relations Act, 1995);
one point for every R 1 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.
Using InfoDocs, you are able to calculate the Public Interest Score of your company.
As mandated by the Companies Act of 2008, businesses in South Africa must calculate their Public Interest Score for each financial year.
The Public Interest Score of a company is calculated as the sum of the following:
a number of points equal to the average of employees of the company during the financial year (“employee”, has the meaning set out in the Labour Relations Act, 1995);
one point for every R 1 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.
Using InfoDocs, you are able to calculate the Public Interest Score of your company.
Updated on: 06/06/2023
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