What Broad-Based Black Economic Empowerment Act 53 of 2003 requires
This Act establishes a legislative framework for promoting black economic empowerment in South Africa, applying to all organs of state, public entities, and private sector enterprises. As per Section 2, its primary objective is to increase the meaningful participation of black people in the economy through a scorecard system measuring ownership, management control, skills development, enterprise and supplier development, and socio-economic development.
Pillar: Workplace · Authority: Government of the Republic of South Africa · Version: 1.0.0 · Last updated:
Primary source: https://www.gov.za/documents/broad-based-black-economic-empowerment-act
SHA-256 integrity: 13dd419cc8e2c50f9348ed238002dba8ad8fd85e1c08181e8b287fde366843f6
Primary Citations — 7 traced to source
- Broad-Based Black Economic Empowerment Act 53 of 2003, Section 1 - Definitions ('black people', 'broad-based black economic empowerment', 'fronting practice')
- Broad-Based Black Economic Empowerment Act 53 of 2003, Section 2 - Objectives of Act
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