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

Codes of Good Practice on Black Economic Empowerment

Integrated Transport Sector Codes

Forwarding and Clearing Sub-Sector Code for B-BBEE

3. Indicators of Empowerment (to achieve this vision)

3.2 Management Control

3.2.2 Stakeholder undertakings

Purchase

3.2.2.1

Private Industry Commits to:

3.2.2.1.1

Under normal circumstances, black ownership will be accompanied with an equal level of management control. Private industry, however, commits to a total black representation of 50% at the board level and a black women representation of 25% at the board level.

3.2.2.1.2

Black people will occupy 50% of executive directors, while black women will occupy 25% of executive directors.

3.2.2.1.3

Black people will also occupy 40% of senior top management, while black women will occupy 20% of senior top management.

3.2.2.1.4

Private industry further commits to a black representation of 40% at other top management and black women representation of 20% at other top management.

3.2.2.1.5

QSEs within the sector commit to recruiting black people at Top Management positions, where they should constitute 50.1% of total Top Management.

3.2.2.1.6

QSEs within this sector commit to recruiting black women at Top Management level; where they should constitute 25% of total Top Management, which is a bonus point sub-element.