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

2. Procedure for developing and gazetting of Transformation Charters
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2.1)The representative body of a sector seeking to gazette a Transformation Charter under section 12 must:

 

2.1.1)apply in writing to the Minister; and

 

2.1.2)provide evidence of compliance with section 12 of the Act.

 

2.2)The Minister may refuse an application to gazette a Transformation Charter if the applicant has failed to comply with section 12 of the Act.

 

2.3)If the Minister refuses to grant an application under paragraph 2.2;

 

2.3.1)the Minister must notify the applicant of that decision In writing within two months; and

 

2.3.2)an applicant may reapply for the gazetting of that Transformation Charter by revising its submission.

 

2.4)The Minister must gazette that Transformation Charter as soon as it is reasonably possible following the granting of an application under paragraph 2.1.