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

Industry Charters

Forest Sector Charter

16. Institutional Arrangements

16.2 Progress Reports and Review


(a) Each measured enterprise will submit a verified compliance report, subject to the requirements outlined in the Codes of Good Practice, annually to the Council. The report, which will be publicly accessible, and must contain the enterprise's scorecard and an account of progress in achieving the undertakings outlined for enterprises in this Charter.
(b) The Council shall report annually to the Minister of Trade  and Industry, the BEE Advisory Council and the Minister of Water Affairs and Forestry on progress made by the Forest Sector in implementing the Charter.
(c) After three years of implementation, the Council shall undertake a comprehensive review of the  Charter  to identify any shortcomings in the strategy, scorecard and instruments in meeting the objectives outlined for the Charter, and to assess if there is a material change in circumstances that requires adjustments to the Charter.
(d) The Council shall conduct further reviews at intervals to be determined by the Council after consultation with the BEE Advisory Council and key stakeholders in the sector.
(e) The Council will undertake a final review at the end of tenth year of implementation  to determine the impact that the Charter has had on transformation and growth in the Forest Sector and to propose what steps might be required beyond the lifespan of the scorecard targets.