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

13P. Prohibition on business with organs of state following conviction under this Act
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(1)Any person convicted of an offence in terms of this Act may not, for a period of 10 years from the date of conviction, contract or transact any business with any organ of state or public entity and must for that purpose be entered into the register of tender defaulters which the National Treasury may maintain for that purpose.

 

(2)Where the convicted person is not a natural person, the court may in its discretion restrict the order contemplated in subsection (1) to only those members, directors or shareholders who contravened the provisions of this Act.

 

[Section 13P inserted by section 8 of Act No. 46 of 2013]