ZA-The Black Economic Empowerment Act
Introduction
The Black Economic Empowerment (BEE) Act, No. 53 of 2003
Objective
http://www.dti.gov.za/bee/beehome.htm
Parties
- Dept. of Trade and Industry
- public entities and enterprises (some exemptions apply for micro enterprises)
The act establishes a legislative framework for the promotion of BEE; empowering the Minister of Trade and Industry (see: Dept. of Trade and Industry) to issue Codes of Good Practice and publishing Transformation Charters; establishing the BEE Advisory Council; and making provision for matters connected therewith.
Context
Broad-Based Black Economic Empowerment (Initiative page)
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ZA-The Black Economic Empowerment Act