Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentCode Series 000: Framework for Measuring Broad-Based Black Economic EmpowermentStatement 003 : Guidelines for Developing and Gazetting of Transformation Charters and Sector Codes4. Status of Transformation Charters and Sector Codes |
| 4.1) | The gazetting of a Transformation Charter under section 12 of the Act is evidence of the commitment to promote B-BBEE in the applicable sector and is not binding on organs of state or public entities. |
| 4.2) | Code series 000 to 700 and any statements under those Codes remain applicable to enterprises in the sector, despite the gazetting of their Transformation Charter under section 12 of the Act. |
| 4.3) | A Sector Code enjoys equal status with that of any other Code. |