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

3. Indicators of Empowerment

3.8 Social-economic Development

3.8.2 All Stakeholders commit to:
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3.8.2.1A target of 1% of NPAT on social development projects as identified by the organisation/company with a specific focus on rural development, which may include HIV/AIDS treatment and prevention, education, etc.

 

3.8.2.2QSEs within this sub-sector will contribute a minimum of 1% of NPAT evaluated annually to socio-economic development initiatives over the next 5 years.

 

3.8.2.3The rand spend on contributions directed in the following programmes that will be Rail Sector specific and designed areas will be enhanced by a factor of 1.25:

 

3.8.2.3.1HIV Treatment and Prevention;

 

3.8.2.3.2 Education; and

 

3.8.2.3.3Rural Development structures.