Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)
Codes of Good Practice on Black Economic Empowerment
Integrated Transport Sector Codes
Road Freight Sub-Sector Code
3. Indicators of Empowerment
3.1 Alignment to the Generic Codes
This "Broad-Based BEE Sub-Sector Code for the Road Freight Industry" seeks to encourage all stakeholders to pursue an aggressive transformation agenda according to the broad guidelines spelt out in Government's National B-BBEE Strategy, B-BBEE Act of 2003 and Codes of Good Practice on B-BBEE.
This Sub-Sector Code shall remain in effect until amended, substituted and repealed under Section 9 of the B-BBEE Act, or with the parties to this Sub-Sector Code process agreeing to do so.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 the 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.