The definition of “Black” is in the Amended Broad-Based Black Economic Empowerment Codes of Good Practice gazetted on 10 October 2014 (“the Amended Codes”) and the wording follows the Broad-Based Black Economic Empowerment Act 2013 (“the Act”):

“Black people” is a generic term which means Africans, Coloureds and Indians -

(a) who are citizens of the Republic of South Africa by birth or descent;

or [my emphasis]

(b) who became citizens of the Republic of South Africa by naturalisation -

	(i) before 27 April 1994; or
	(ii) on or after 27 April 1994 and would have been entitled to acquire citizenship by naturalisation prior to that date.

Hence, by becoming citizens and self identifying as "Indian", the Guptas are defined as "black" and therefore benefit considerably from B-BBEE