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

Codes of Good Practice on Black Economic Empowerment

Integrated Transport Sector Codes

Rail Sub-Sector Code for B-BBEE

1. Scope of Application
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1.1The scope of this Sub-Sector Code extends to the entire rail industry value chain. The key players are the state-owned operators and infrastructure companies.

 

1.2However, the challenge is for these companies to use their purchasing power to drive the transformation of the entire rail industry value chain, including manufacturers, suppliers' consultants and maintenance companies.

 

1.3The Sub-Sector Code will also have an impact on other sectors of the economy that are not rail specific, for example, general services.

 

1.4This Sub-Sector Code shall remain in effect until amended, substituted and repealed under Section 9 of the B‑BBEE Act, or with the parties to this Sub-Sector Code process agreeing to do so.

 

1.5The Sub-Sector Code Council will review this Sub-Sector Code following the end of the 5th year after its gazetting and despite the aforementioned, it shall be reviewed on an annual basis for monitoring purpose.