Statistics Act, 1999
R 385
Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentIntegrated Transport Sector CodesDomestic Aviation Sub-Sector Code for B-BBEE3.7 Enterprise Development3.7.3 The Private Industry Commits to: |
| 3.7.3.1 | Pro-actively seek opportunities to enter into joint ventures (and other forms of alliances) or to make direct investments in BEE companies. |
| 3.7.3.2 | Commit at least 3% of Net Profit After Tax (NPAT) on Enterprise Development initiatives (general aviation businesses). QSEs within this sub-sector aspire to make contributions to enterprise development, which will amount to 2% of NPAT evaluated annually over the next 5 years. |
| 3.7.3.3 | Foreign owned airlines undertake to capacitate and develop QSEs and EMEs by providing, for example, training in basic business and life skills determined at 1% of total payroll of SA based staff. |
