Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Memorandum of Understanding, (2020)5. Principles of Co-operation |
| 5.1 | The Parties will endeavour to co-operate with one another on the prevention, detection and investigation of unlawful activities which come to their attention during the execution of their respective legal mandates. |
| 5.2 | The Parties will facilitate and foster co-operation between them in relation to investigation of matters that fall within their respective legal mandates and disclosure of information as envisaged in clause 5.3 hereunder. |
| 5.3 | Co-operation contemplated in this MOU shall be subject to inter alia CIPC processes and based upon principles such as: |
| (a) | Mutual trust, respect and benefit to the Parties; |
| (b) | Technical information, knowledge and expertise exchanged between the Parties shall not be passed to a third party without the prior written consent of the other (originating) Party; |
| (c) | Commitment to joint training and exchange of information where applicable to enhance knowledge, skills and an understanding of the functions of the respective Parties as per inter alia CIPC processes; and |
| (d) | Adherence to the legislative frameworks governing the Parties, while also giving due consideration to political, economic and social considerations where applicable. |