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

Memorandum of Understanding, (2020)

8. Commencement and Termination
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8.1This MOU supersedes and replaces all previous oral or written (if any) agreements or MOUs between the Parties, excluding any access to CIPC database agreements between CIPC and B-BBEE Commission.

 

8.2 This MOU will come into effect on 6 June 2020 and will automatically expire on 5 June 2025 ("Term") and may be terminated earlier by either Party by giving thirty (30) days written notice to the other Party.

 

8.3 The termination of this MOU will not prejudice the completion, in accordance with their terms, of any ongoing projects or activities under this MOU unless otherwise agreed to by the Parties at or after termination of this MOU.