Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)
Codes of Good Practice on Black Economic Empowerment
Mining Sector Charter
Scorecard for the Broad Based Socio-Economic Empowerment Charter for the South African Mining Industry
Procurement can be broken down into three levels, namely: capital goods; services; and consumables.
Stakeholders undertake to give HDSAs a preferred supplier status, where possible, in all three levels of procurement. To this end stakeholders undertake to:
|•||Identify current levels of procurement from HDSA companies;|
|•||Commit to a progression of procurement from HDSA companies over a 3 to 5-year time frame reflecting the genuine value added by the HDSA provider;|
|•||Encourage existing suppliers to form partnerships with HDSA companies, where no HDSA Company tenders to supply goods or services; and|
|•||Stakeholders commit to help develop HDSA procurement capacity and access Department of Trade and Industry (DTI) assistance programmes to achieve this.|
List of suppliers: It is envisaged that information on all HDSA companies wishing to participate in the industry will be collected and published. All participants in the industry will assist the DTI in compiling such a list that will inter alia be published by government on the Internet and updated regularly.