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

Codes of Good Practice on Black Economic Empowerment

Integrated Transport Sector Codes

Forwarding and Clearing Sub-Sector Code for B-BBEE

3. Indicators of Empowerment (to achieve this vision)

3.7 Socio-Economic Development

3.7.2 All Stakeholders commit to:

Purchase

3.7.2.1

Invest at least 1% of NPAT in social development programmes. Expenditure on programmes that address the following socio-economic interventions that will be sector designed which will be enhanced by a factor of 1.25:

3.7.2.1.1

HIV/AIDS,

3.7.2.1.2

Bursaries,

3.7.2.1.3

Poverty alleviation; and

3.7.2.1.4

F&C industry awareness.

3.7.2.2

QSEs within this sub-sector will contribute a minimum of 1% of NPAT evaluated annually to socio-economic development initiatives over the next 5 years.