Industry Charters > Forest Sector Charter

Expressions, definitions and qualifications used in the Charter have the meaning assigned to them in the Codes of Good Practice gazetted under section 9(1) of the Broad-based Black Economic Empowerment Act of 2003, unless otherwise specified hereunder.

Industry	Collective term for enterprises that operate within the Forest Sector as outlined in par. 2 of the Charter
Industry Codes of Conduct	Codes of Conduct provided for under par. 12.2 of the Charter
Industry Specific Contributions	An enterprise's contribution to industry specific initiatives as identified in par. 11.8 of this Charter for the sub-sector in which the enterprise operates. Such contributions are extraneous to the measured entity's regular business activities and do not form part of any legal obligation upon the enterprise.
Ownership Bonus Points	The formula used to calculate Ownership Bonus Points as defined in Annexe C par. 6 of Code 100 Statement 100 also applies to the calculation of the Bonus Points under indicator 1.10 and 1.11 of the Scorecard for Medium and Large Forest Enterprises as outlined in table 1 of this Charter.
Realisation points for Net Equity Interest	As defined in Annexe C par. 4 of Code 100 Statement 100, provided that for enterprises in the grower sub-sector the graduation factor of the compliance target is based on full payment in equal trances over the crop rotation cycle for the timber crop grown by the enterprise, by applying the following formula: C = N/R x 100% Where C is the graduation factor; N is the year after the effective date being measured; R is the crop rotation period in years

Further background information and explanatory notes on the Charter are contained in the Companion to the Charter. The Companion document does not form part of the Charter agreement unless particular reference is made to this in the Charter.

The acronyms used in the Charter shall have the following meanings:

ABET	Adult Basic Education and Training
ASGI-SA	Accelerated and Shared Growth Initiative for South Africa
B-BBEE	Broad-Based Black Economic Empowerment
CRLR	Commission on Restitution of Land Rights
DLA	Department of Land Affairs
DoA	Department of Agriculture
DTI	Department of Trade and Industry
DWAF	Department of Water Affairs and Forestry
DPE	Department of Public Enterprise
EAP	Economically Active Population
EME's	Exempted Micro-Enterprises
FIETA	Forest Industries Education and Training Authority
IDC	Industrial Development Corporation
IDP	Integrated Development Plan
ITAC	International Trade Administration Commission
NFA	National Forests Act No. 84 of 1998
NPAT	Net Profit after Tax
NSDS	National Skills Development Strategy
NSF	National Skills Fund
PGDS	Provincial Growth and Development Strategy
QSE's	Qualifying Small Enterprises
R&D	Research and Development
SAFCOL	South African Forestry Company Ltd
SAQA	South African Qualifications Authority
SALGA	South African Local Government Association
SAUPA	South African Utility Pole Associations
SMME	Small, medium and micro enterprise
SSP	Sector Skills Plan
WfW	Working for Water Programme

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

Industry Charters

Forest Sector Charter

3. Interpretations