South African Institute for Drug Free Sport Act, 1997
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Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Industry ChartersForest Sector Charter3. Interpretations |
Expressions, definitions and qualifications used in the Charter have the meaning assigned to them in the Codes of Good Practice gazetted under section 9(1) of the Broad-based Black Economic Empowerment Act of 2003, unless otherwise specified hereunder.
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Industry |
Collective term for enterprises that operate within the Forest Sector as outlined in par. 2 of the Charter |
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Industry Codes of Conduct |
Codes of Conduct provided for under par. 12.2 of the Charter |
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Industry Specific Contributions |
An enterprise's contribution to industry specific initiatives as identified in par. 11.8 of this Charter for the sub-sector in which the enterprise operates. Such contributions are extraneous to the measured entity's regular business activities and do not form part of any legal obligation upon the enterprise. |
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Ownership Bonus Points |
The formula used to calculate Ownership Bonus Points as defined in Annexe C par. 6 of Code 100 Statement 100 also applies to the calculation of the Bonus Points under indicator 1.10 and 1.11 of the Scorecard for Medium and Large Forest Enterprises as outlined in table 1 of this Charter. |
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Realisation points for Net Equity Interest |
As defined in Annexe C par. 4 of Code 100 Statement 100, provided that for enterprises in the grower sub-sector the graduation factor of the compliance target is based on full payment in equal trances over the crop rotation cycle for the timber crop grown by the enterprise, by applying the following formula: C = N/R x 100% Where C is the graduation factor; N is the year after the effective date being measured; R is the crop rotation period in years |
Further background information and explanatory notes on the Charter are contained in the Companion to the Charter. The Companion document does not form part of the Charter agreement unless particular reference is made to this in the Charter.
The acronyms used in the Charter shall have the following meanings:
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ABET |
Adult Basic Education and Training |
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ASGI-SA |
Accelerated and Shared Growth Initiative for South Africa |
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B-BBEE |
Broad-Based Black Economic Empowerment |
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CRLR |
Commission on Restitution of Land Rights |
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DLA |
Department of Land Affairs |
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DoA |
Department of Agriculture |
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DTI |
Department of Trade and Industry |
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DWAF |
Department of Water Affairs and Forestry |
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DPE |
Department of Public Enterprise |
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EAP |
Economically Active Population |
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EME's |
Exempted Micro-Enterprises |
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FIETA |
Forest Industries Education and Training Authority |
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IDC |
Industrial Development Corporation |
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IDP |
Integrated Development Plan |
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ITAC |
International Trade Administration Commission |
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NFA |
National Forests Act No. 84 of 1998 |
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NPAT |
Net Profit after Tax |
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NSDS |
National Skills Development Strategy |
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NSF |
National Skills Fund |
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PGDS |
Provincial Growth and Development Strategy |
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QSE's |
Qualifying Small Enterprises |
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R&D |
Research and Development |
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SAFCOL |
South African Forestry Company Ltd |
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SAQA |
South African Qualifications Authority |
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SALGA |
South African Local Government Association |
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SAUPA |
South African Utility Pole Associations |
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SMME |
Small, medium and micro enterprise |
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SSP |
Sector Skills Plan |
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WfW |
Working for Water Programme |
