Acts Online
GT Shield

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 BBBEE

3. Indicators of Empowerment (to achieve this vision)

3.7 Socio-Economic Development

3.7.2 All Stakeholders commit to:

 

 

3.7.2.1 Invest at least 1% of NPAT in social development programmes. Expenditure on programmes that address the following socio-economic interventions that will be sector designed which will be enhanced by a factor of 1.25:

 

3.7.2.1.1 HIV/AIDS,

 

3.7.2.1.2 Bursaries,

 

3.7.2.1.3 Poverty alleviation; and

 

3.7.2.1.4 F&C industry awareness.

 

3.7.2.2 QSEs within this sub-sector will contribute a minimum of 1%  of NPAT evaluated annually to socio-economic development initiatives over the next 5 years.