Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentIntegrated Transport Sector CodesDomestic Aviation Sub-Sector Code for B-BBEE3. Indicators of Empowerment3.2 Equity Ownership3.2.4 Government Undertakes |
Government as a driver of B-BBEE, shareholder of SOEs and regulator of the national economy undertakes to:
| 3.2.4.1 | Use the process of restructuring of SOEs to promote creative employee and B-BBEE consortia share ownership schemes. Also, it will investigate the awarding of economically viable concession opportunities for provincial and local airports to B-BBEE companies and local communities in the context of a coherent airport master development plan that identifies opportunities to grow the Industry. |
| 3.2.4.2 | Engage public and private sector funding agencies to develop innovative funding mechanisms for B-BBEE business entities seeking to invest in the sector. This will require high-level discussions and workshops with these agencies to inform them about opportunities available in the industry. |
| 3.2.4.3 | Increase awareness among B-BBEE business entities wishing to participate in the industry about available investments, grants and tax allowances, and link these grants/allowances to other incentives that are provided by the DTl's Enterprise Organisation. |
| 3.2.4.4 | Ensure that the industry remains internationally competitive and to undertake that SOEs meaningfully participate in the development and training of skilled personnel required transforming the skills base across the industry. |