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

Codes of Good Practice on Black Economic Empowerment

Integrated Transport Sector Codes

B-BBEE Sub-Sector Code for Public Sector - Transport

6. Appendix B: Enterprise Development Enhanced Recognition Factor Mechanism

D. Formulation of enterprises
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The beneficiary enterprise must:

 

•be a legally registered entity compliant with all the necessary regulations etc;
•the owner/s, shareholders must be employers of at least three other permanently employed personnel and not merely a one person operation;
•it must be a genuine emerging entity with employees and shareholders that lack skills and experience and have a genuine need to be empowered (there should be no window dressing or fronting).