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

Codes of Good Practice on Black Economic Empowerment

Integrated Transport Sector Codes

Forwarding and Clearing Sub-Sector Code for B-BBEE

2. Long Term Vision

2.4 National Government undertakings (to achieve the vision)
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2.4.1To continue to create an environment that is conducive for the country to substantially increase trade with the rest of the world, since the level of trade is the main driver of growth and, therefore, job creation in our industry. Key elements  of  an  enabling  environment  for  trade  include:  trade  promotion; enhancing feeder and inland transport connections; reducing costs of data transfer; improving the quality of available maritime infrastructure & superstructure and restructuring to ensure reliability and cost effectiveness of railway and port operations.

 

2.4.2Resolve legislative and fiscal restrictions, which have a negative impact on the competitiveness of South Africa and ensure a level playing field for all companies1 .

 

2.4.3Use its leverage in the industry to incentivise all stakeholders to achieve the objectives of this charter.

 

2.4.4.Demonstrate its commitment towards developing South Africa into a leading trading nation by adopting a more harmonised approach between its various departments and parastatal institutions. This will require the setting up of structures that will ensure inter-governmental co-ordination between departments to align their programmes with the Transport sector wide, and supply chain processes. Examples of crosscutting issues that require interventions across government departments and agencies include:

 

2.4.4.1The DTl's Export incentives;

 

2.4.4.2National Treasury, and South African Revenue Services (SARS);

 

2.4.4.3Department of Foreign Affairs - Free Trade Agreements;

 

2.4.4.4Increasing awareness within the transport sector about available government investment incentives and grants;

 

2.4.4.5Engage public and private funding institutions to highlight opportunities in the sector;

 

2.4.4.6Make proposals on financing mechanisms; and

 

2.4.4.7Investigate, together with other stakeholders in other Transport sub-sectors, the feasibility of setting up a Transport Sector Bank.

 

2.4.5Engage public and private sector funding agencies to develop innovative funding mechanisms for B-BBEE companies seeking to invest in the sector. This will require a high-level workshop with these agencies and major B-BBEE companies to inform them about opportunities that will emerge in the transport industry, including the F&C industry, following the adoption of this charter.

 

2.4.6Increase awareness among B-BBEE companies in the transport sector about investment and matching grants, tax allowances and other incentives that are provided by the DTl's The Enterprise Organisation (TEO) and investigate the possibility of motivating for new products that take into account the unique nature of the F & C industry.

 

2.4.7Enforce and monitor compliance with existing legislation that may impact B-BBEE such as the Employment Equity, Skills Development and Competition Acts.

 

2.4.8Ensure that government departments are focused and sensitised on the importance of customer care and relations. This will require enhanced training and education for officials in relevant government departments.

 

2.4.9Assist stakeholders with analysis of the number of people in particular skills set (or job category) broken down by race, gender and people living with disability.

 

2.4.10Publish an annual report on B-BBEE and job creation within the F&C industry that consolidates various reports and information from all stakeholders. Stakeholders will use this report to review progress at an annual Transport Industry B-BBEE Forum.

 

1 An example include the issue of small suppliers who are deemed as employees for personal tax purposes.