Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)
Codes of Good Practice on Black Economic Empowerment
Integrated Transport Sector Codes
B-BBEE Sub-Sector Code for Public Sector - Transport
1. Scope of Application
The Broad-Based Black Economic Empowerment Code is specifically aimed at accelerating transformation within the Transport Sector. The key stakeholders in this process are:
|1.1.1||Department of Transport ("The Department")|
|1.1.3||State-Owned Enterprises (SOEs);|
|1.1.4||Provincial Departments of Transport;|
|1.1.5||Local authorities (including metropolitan councils);|
|1.1.7||Transport Education and Training Authority.|
The Stakeholders will maximize our leverage within the sector with the aim of increasing black participation at all levels of the industry value chain and work together with stakeholders to drive implementation of the Transport Sector B BBEE. Accordingly, Stakeholders will invest new financial and human resources and capacity to participate meaningfully in the process.
|1.3.1||The sector commits to:|
|126.96.36.199||Embrace and lead the implementation of the Transport Sector B-BBEE Code and participating in all stakeholder forums and initiatives to drive the process, for example access to finance, marketing and communication, monitoring and evaluation and coordinating the publication of an annual report on B-BBEE in the sector.|
|188.8.131.52||Monitor actual progress made in meeting B-BBEE targets, together with stakeholders.|
|184.108.40.206||Play an advocacy role for B-BBEE in the Sector and increase awareness about investment and funding opportunities in the Industry, especially for B-BBEE operators.|
|220.127.116.11||Co-ordinate the Transport B-BBEE Steering Committee and participate in establishing the Transport Sector B-BBEE Council that will drive the overall B-BBEE Strategy for the Transport Sector.|
|18.104.22.168||Ensure inter-departmental co-ordination of B-BBEE initiatives across government.|
|1.4||Duration of this Sub-Sector Code|
This Sub-Sector Code shall remain in effect until amended, substituted and repealed under Section 9 of the B-BBEE Act, or with the parties to this Sub-Sector Code process agreeing to do so.
The Transport Charter Council that will be established pursuant to this gazette will review this Sub-Sector Code following the end of the 5th year after its gazetting and despite the aforementioned, it shall be reviewed on an annual basis for monitoring purpose.