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

Codes of Good Practice on Black Economic Empowerment

Integrated Transport Sector Codes

Rail Sub-Sector Code for B-BBEE

3. Indicators of Empowerment

3.7 Enterprise Development

3.7.2 The Private Industry Commits to:

Purchase

3.7.2.1

Pro-actively seek opportunities to enter into joint ventures (and other forms of alliances) and make direct investments in BEE companies.

3.7.2.2

Facilitate the development of creative financial mechanisms to enable BEE companies and employees to purchase equity in their companies.

3.7.2.3

Enterprise development in the private sector will be measured as a percentage of Net Profit After Tax (NPAT) over a 5 year period. The private sector commits itself to an average annual value of Enterprise Development of 3% of NPAT.

3.7.2.4

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.