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

Codes of Good Practice on Black Economic Empowerment

Code Series 000: Framework for Measuring Broad-Based Black Economic Empowerment

Statement 003 : Guidelines for Developing and Gazetting of Transformation Charters and Sector Codes

1. Objective of this statement
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The objectives of this statement are to specify:

 

1.1)the manner of gazetting Transformation Charters under section 12 of the Act;

 

1.2)the process for developing and gazetting of Sector Codes under section 9 of the Act;

 

1.3)the status of Transformation Charters and Sector Codes;

 

1.4)the status of enterprise B-BBEE plans; and

 

1.5)recommend an approach for drawing up Transformation Charters.