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

11. Strategy for broad-based black economic empowerment


(1) The Minister
(a) must issue a strategy for broad-based black economic empowerment;
(b) may change or replace a strategy issued in terms of this section.


(2) A strategy in terms of this section must—
(a) provide for an integrated co-ordinated and uniform approach to broad-based black economic empowerment by all organs of state, public entities, the private sector, non-governmental organisations, local communities and other stakeholders;
(b) develop a plan for financing broad-based black economic empowerment, including the creation of incentive schemes to support effective black owned and managed enterprises;

[Paragraph (b) amended by section 7 of Act No. 46 of 2013]

(c) provide a system for organs of state, public entities and other enterprises to prepare broad-based black economic empowerment plans and to report on compliance with those plans; and
(d) be consistent with this Act.