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

Industry Charters

Forest Sector Charter

4. Objectives


The main objective of this Charter is to promote Broad-based Black Economic Empowerment in the Forest Sector by undertaking the following:

(a) Promoting investment programmes that lead to sustainable B-BBEE-driven growth and development of the Forest Sector and meaningful participation of black people in the entire forestry value chain.
(b) Achieving sustainable change in the racial and gender composition of ownership, management and control structures and in the skilled positions of existing and new forest enterprises.
(c) Increasing the extent to which black women and men, workers, cooperatives and other collective enterprises own and manage existing and new forest enterprises and increasing their access to economic activities, infrastructure and skills training.
(d) Nurturing new black-owned and/or black-managed  enterprises to undertake new forms of economic and value-adding activities in the Forest Sector.
(e) Using the forest industry as a catalyst for empowering rural and local black communities to access economic activities, land, infrastructure, ownership and skills.
(f) Promoting sustainable employment and contracting practices in the Forest Sector.
(g) Promoting access to finance for Broad-based Black Economic Empowerment  in the Forest Sector.
(h) Promoting equitable representation in industry structures and  equitable access to forestry support systems.
(i) Providing an enabling environment for transparency, fairness and consistency when measuring and adjudicating on matters related to B-BBEE in the Forest Sector.