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

Industry Charters

Purchase

INDICATORS

WEIGHTINGS (W) & TARGETS (T)

Forest Sector

Sub-sector specific deviations

5.	Preferential Procurement

Years

0-5*

Years

6-10**

All enterprises engaged in contracting schemes

5.1	B-BBEE Procurement Spend from all Supplies based on their B-BBEE Procurement Recognition Levels as a percentage of Total Measured Procurement Spend

40%*

50%**

5.2	Compliance with Industry Codes of Conduct on contracting in the Forest Sector

Yes