Petroleum Pipelines Act, 2003 (Act No. 60 of 2003)RegulationsRegulations in terms of the Petroleum Pipelines Act, 2003 (Act No. 60 of 2003)8. Mechanisms to promote historically disadvantaged South Africans |
| (1) | Applicants for licences or existing licensees must, on an annual basis at the time of the anniversary of the licence, provide information to the Authority regarding the commercial arrangements made for the participation of historically disadvantaged South Africans in the licensees' activities. |
| (2) | The information contemplated in subregulation (1) must include— |
| (a) | the number of shareholders from historically disadvantaged background and their respective shareholding in the company that holds or will hold the licence; |
| (b) | the numbers and positions of historically disadvantaged South Africans who are members of the Board of Directors of the company that holds or will hold the license; |
| (c) | the numbers and positions of historically disadvantaged South Africans who hold senior management positions in the company that holds or will hold the licence; |
| (d) | the value 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) | the plans for and actions taken to develop historically disadvantaged South Africans in the petroleum sector through training, procurement and enterprise development. |
| (3) | The Authority must utilize the information provided in terms of subregulation (1) in such a manner so as to facilitate ownership, control or management of operations of petroleum pipelines, storage facilities and loading facilities by historically disadvantaged South Africans. |