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

Section 9(1) Codes of Good Practice

Schedule 1

Part 1: Interpretation


The Codes of Good Practice shall be interpreted according to the following provisions unless the context requires a different meaning:


1) In interpreting the provisions of the Codes any reasonable interpretation consistent with the objectives of the Act and the BEE Strategy must take precedence.


2) Words importing persons shall where the context so requires or admits, include individuals, firms, partnerships, trusts, corporations, governmental bodies, authorities, agencies, unincorporated bodies of persons or associations and any organisation having legal capacity.


3) The Schedules and Annexes to the Codes are an integral part of the Codes and a reference to the Codes includes a reference to the Schedules.