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Broad Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Industry Charters

Agri-BEE Charter

3. Objectives

 

3.1. The objectives of the Broad-Based Black Economic Empowerment Act No. 53 of 2003 are to facilitate Broad-Based Black Economic Empowerment by:

 

• Promoting economic transformation in order to enable meaningful participation of Black People in the economy;
• achieving a substantial change in the racial composition of ownership and management structures and in the skilled occupations of existing and new Enterprises;
• increasing the extent to which communities, workers, cooperatives and other collective Enterprises own and manage existing and new Enterprises and increasing their access to economic activities, infrastructure and skills training;
• increasing the extent to which Black women own and manage existing and new Enterprises, and increasing their access to economic activities, infrastructure and skills training;
• promoting investment programmes that lead to broad-based and meaningful participation in the economy by Black People in order to achieve sustainable development and general prosperity;
• empowering rural and local communities by enabling access to economic activities, land, infrastructure, ownership and skills; and
• promoting access to finance for black economic empowerment.

 

3.2. The objectives of AgriBEE Sector Code are to facilitate Broadbased Black Economic Empowerment in the agricultural Sector by implementing initiatives to include Black South Africans at all levels of agricultural activity and Enterprises by:

 

• Promoting equitable access and participation of Black People in the entire agricultural value chain;
• De-racialising land and Enterprise ownership, control, skilled occupations and management of existing and new agricultural Enterprises;
• Unlocking the full entrepreneurial skills and potential of Black People in the Sector;
• Facilitating structural changes in agricultural support systems and development initiatives to assist Black South Africans in owning, establishing, participating in and running agricultural Enterprises;
• Socially uplifting and restoring the dignity of Black South Africans within the Sector;
• Increasing the extent to which communities, workers, cooperatives and other collective Enterprises own and manage existing and new agricultural Enterprises, increasing their access to economic activities, infrastructure and skills training;
• Increasing the extent to which Black Designated Groups own and manage existing and new agricultural Enterprises, increasing their access to economic activities, infrastructure and skills training;
• Empowering rural and local communities to have access to agricultural economic activities, land, agricultural infrastructure, ownership and skills;
• The improvement of living and working conditions and promotion of decent living and working conditions for farm workers; and
• Improving protection and standards of land rights and tenure security for labour tenants, farm workers and other vulnerable farm dwellers and addressing the inherently paternalistic nature of relationships associated with insecure tenure by promoting more permanent forms of tenure with the emphasis being on the transfer of ownership of land.