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Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

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Domestic Aviation Sub-Sector Code for B-BBEE

3.8 Socio-economic Development

3.8.1 All Stakeholders commit to:

 

 

3.8.1.1 Locally owned businesses to invest at least 1% of NPAT on socio-economic development projects, which can include HIV/AIDS treatment and prevention, education and community development. QSEs within this sub-sector contributing a minimum of 1% of NPAT evaluated annually to socio-economic development initiatives over the next 5 years will achieve maximum points.

 

3.8.1.2 The rand value of socio-economic development contributions in following areas will be enhanced by a factor 1.25:

 

3.8.1.2.1 HIV/AIDS Programmes;

 

3.8.1.2.2 Education; and

 

3.8.1.2.3 Community Development and poverty alleviation

 

3.8.1.3 Foreign owned airlines should invest at least 0.5% of payroll or the equivalent % of management time to socio-economic development projects, which can include HIV/AIDS treatment and prevention, education, community development, Aviation/Tourism General Awareness Campaign. The enhancement factor referred to in 3.8.1.2 above for the application of programmes listed will also apply.