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

Codes of Good Practice on Black Economic Empowerment

Integrated Transport Sector Codes

Domestic Aviation Sub-Sector Code for B-BBEE

2. Vision

2.1 Overarching Vision
Purchase cart Previous page Return to chapter overview Next page

 

 

2.1.1The  overarching vision of this sub-sector is to continually develop and  maintain a  world-class industry that adheres to international safety standards and delivers quality and affordable services to all our customers.   Stakeholders seek to develop an industry that grows in size, contributes towards the economic and social growth of our  country and facilitates the economic viability of the region, and substantially increases black participation in business entities throughout the industry value chain.  This is directed at pursuing a growth strategy that prioritises the retention and creation of quality jobs.

 

2 1.2To make this vision a reality will require a strategy to increase access to skills development, training, investment in capacity development, capital and economic opportunities.   This   will require  that  all stakeholders  develop  existing  black  employees and recruit as Stakeholders  as improve the skills of new black people  into the industry. This  includes an increase of skills (for new and existing employees) to best-practice international levels, while creating a supportive culture  for  their  talents to thrive.  It will also require that all stakeholders facilitate the creation of new black entrepreneurs who can participate in economic opportunities throughout the aviation industry value chain and other sectors of the economy.

 

2.1.3The signatories to this document believe that each company in South Africa should embrace B-BBEE, recognising that it is a constitutional and economic imperative to secure a prosperous future for all our country's citizens and therefore act as a catalyst for economic growth. Accordingly, Stakeholders commit to communicating the contents of this Sub-Sector Code to every business entity within the industry to facilitate maximum participation by all stakeholders.

 

2.1.4Accordingly, all Private Sector Stakeholders committing themselves to this  Sub-Sector Code agree to have their B-BBEE achievements measured against the indicators in the scorecard and verified by an independent B-BBEE verification agency/company that is accredited by the South  African National Accreditation System (SANAS) on behalf of the Department of Trade and Industry (DTI). The B-BBEE achievements of Public Sector Organisations is measured, monitored and rated in a separate process. Independent B-BBEE rating companies will rate the suppliers of public sector organisations that do not have such capacity, using the same criteria. The independent B-BBEE verification will go a long way towards eliminating fronting in the industry.