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

3. Indicators of Empowerment (to achieve this vision)

3.2 Management Control

3.2.2 Stakeholder undertakings
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3.2.2.1Private Industry Commits to:

 

3.2.2.1.1Under normal circumstances, black ownership will be accompanied with an equal level of management control. Private industry, however, commits to a total black representation of 50% at the board level and a black women representation of 25% at the board level.

 

3.2.2.1.2Black people will occupy 50% of executive directors, while black women will occupy 25% of executive directors.

 

3.2.2.1.3Black people will also occupy 40% of senior top management, while black women will occupy 20% of senior top management.

 

3.2.2.1.4Private industry further commits to a black representation of 40% at other top management and black women representation of 20% at other top management.

 

3.2.2.1.5QSEs within the sector commit to recruiting black people at Top Management positions, where they should constitute 50.1% of total Top Management.

 

3.2.2.1.6QSEs within this sector commit to recruiting black women at Top Management level; where they should constitute 25% of total Top Management, which is a bonus point sub-element.