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

MEMORANDUM OF UNDERSTANDING

Between

Broad-Based Black Economic Empowerment Commission

a statutory entity established in terms of section 13B of the Broad-Based Black

Economic Empowerment Act, Act No. 53 of 2003, as amended, herein represented by

Zodwa Ntuli in her capacity as the Commissioner, and duly authorised to

enter into this agreement

(hereinafter referred as the "B-BBEE Commission")

and

Companies and Intellectual Property Commission

A public entity established in terms of section 185 of the Companies Act, 2008 (Act

No. 71 of 2008), within the Department of Trade & Industry group of Institutions,

herein represented by Adv. Rory Voller in his capacity as Commissioner

and duly authorised thereto

(hereinafter referred to as the "CIPC")

concerning

mutual co-operation and assistance between the B-BBEE Commission and

CIPC (hereinafter referred to as "the Parties") relating to the fulfilment of

responsibilities and obligations under the Companies Act, 71 of 2008 ("the Act") and

the Broad-Based Black Economic Empowerment Act, 53 of 2003, as amended

("B-BBEE Act") and any other legislation applicable to the Parties.

For period 6 June 2020 to 5 June 2025