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

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6. Appendix B: Enterprise Development Enhanced Recognition Factor Mechanism

A. Preamble



In order for the country to realize its full economic potential it has to draw its entire population into the mainstream economy. This encompasses amongst other issues the reduction of unemployment and the eradication of poverty. It has been proven internationally that the development of new enterprises especially in the SMME sector is the best initiative.