Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Industry ChartersForest Sector Charter8. Ownership8.2 Additional Instruments8.2.2 Restructuring of State forest assets |
| (a) | Government, through DPE, will ensure that the transaction structure in the sale of Komati Land Forests will facilitate and encourage economic empowerment, taking into account the surrounding communities. |
| (b) | Government, through DWAF, undertakes to restructure the remaining (Category B and C) state forest plantations still under the jurisdiction of the Department of Water Affairs and Forestry in accordance with the pro-poor development agenda of the government, and ensure that opportunities are opened to the broad-based black group this charter seeks to empower. |
A plan for the restructuring of these plantations will be operational within one year of the signing of the Charter.