Gas Act, 2001 (Act No. 48 of 2001)RegulationsPiped Gas Regulations5. Information regarding historically disadvantaged South Africans |
| (1) | Information regarding historically disadvantaged South Africans provided by a licensee must include— |
| (a) | the number of shareholders from historically disadvantaged background and their respective shareholding in the licensee; |
| (b) | the number and positions of historically disadvantaged South Africans who are members of the Board of Directors of the licensee; |
| (c) | the number of historically disadvantaged South Africans who hold senior management positions in the licensee; |
| (d) | the quantity and percentage of subcontracted work to companies with more than 50% ownership by historically disadvantaged South Africans; |
| (e) | proof of compliance with the Employment Equity Act, 1998 (Act No. 55 of 1998); and |
| (f) | plans for and actions taken to develop historical disadvantaged South Africans in the gas sector through training, procurement and enterprise development. |
| (2) | The Gas Regulator must utilise the information acquired in terms of subregulation (1) in such a manner so as to facilitate the addressing of historical inequalities and to broaden the country's economic base and accelerate growth, job creation and poverty alleviation. |
| (3) | The information acquired may be used to create a scoring schedule mechanism to promote historically disadvantaged South Africans. |
| (4) | The scoring mechanism contemplated in subregulation (3) must include— |
| (a) | the core activities of the piped gas industry; |
| (b) | historically disadvantaged South Africans such as shareholders, directors, management and subcontractors; |
| (c) | target indicators; |
| (d) | weighting factors; |
| (e) | achievements; and |
| (f) | bonus provision for exceeding targets. |