Medicines and Related Substances Act, 1965
R 385
Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentCode Series 000: Framework for Measuring Broad-Based Black Economic EmpowermentStatement 003 : Guidelines for Developing and Gazetting of Transformation Charters and Sector Codes6. Variation of indicators in Codes 200 and 300 |
6.1) | A Sector Code may allow the use of indicators that differ from those contained in Codes 200 and 300 as a means of fixing the relevant Measurement Categories. |
6.2) | Sectors adopting this approach must: |
6.2.1) | consider using indicators that are consistent with the principles contained in the EE Regulations: |
6.2.2) | consider all relevant factors such as seniority, expertise, scarcity of skill-set, organisational role and responsibility and geographic location; |
6.2.3) | base the definition of occupational levels on sound and empirical research undertaken in the sector by a reputable institution; and |
6.2.4) | if the indicators Include salary scales, consider providing for a default cost of living or inflation adjustment in the salary scales, even If the sector intends to amend those salary scales annually. |
6.3) | The gazetting of a Sector Code does not affect any employer's obligations to comply with the EE Act and its regulations. |