Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentIntegrated Transport Sector CodesMaritime Transport & Services Industry Sub-Sector Code for B-BBEE3. Indicators of Empowerment3.8 Socio-Economic Development3.8.2 All Stakeholders commit to: |
3.8.2.1 | Participate in social development projects as identified by historically disadvantaged employees, which can include HIV/AIDS treatment and prevention, education, community development and maritime awareness. |
3.8.2.2 | Spending 1% of NPAT for the private sector on the social development projects articulated in the above guiding principle. |
3.8.2.3 | QSEs within this sector contributing a minimum of 1% of NPAT evaluated annually to socio-economic development initiatives over the next 5 years. |
3.8.2.4 | Social development contributions leading in the following key focus areas will be enhanced by a factor of 1.25. The key focus areas are: |
3.8.2.4.1 | HIV Aids Programmes; |
3.8.2.4.2 | Education; |
3.8.2.4.3 | Community Development; and |
3.8.2.4.4 | Maritime Awareness. |