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

Memorandum of Understanding, (2020)

5. Principles of Co-operation

 

5.1 The Parties will endeavour to co-operate with one another on the prevention, detection and investigation of unlawful activities which come to their attention during the execution of their respective legal mandates.

 

5.2 The Parties will facilitate and foster co-operation between them in relation to investigation of matters that fall within their respective legal mandates and disclosure of information as envisaged in clause 5.3 hereunder.

 

5.3 Co-operation contemplated in this MOU shall be subject to inter alia CIPC processes and based upon principles such as:
(a) Mutual trust, respect and benefit to the Parties;
(b) Technical information, knowledge and expertise exchanged between the Parties shall not be passed to a third party without the prior written consent of the other (originating) Party;
(c) Commitment to joint training and exchange of information where applicable to enhance knowledge, skills and an understanding of the functions of the respective Parties as per inter alia CIPC processes; and
(d) Adherence to the legislative frameworks governing the Parties, while also giving due consideration to political, economic and social considerations where applicable.