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

3.8 Social-economic Development

3.8.2 All Stakeholders commit to:

Purchase

3.8.2.1

A target of 1% of NPAT on social development projects as identified by the organisation/company with a specific focus on rural development, which may include HIV/AIDS treatment and prevention, education, etc.

3.8.2.2

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.

3.8.2.3

The rand spend on contributions directed in the following programmes that will be Rail Sector specific and designed areas will be enhanced by a factor of 1.25:

3.8.2.3.1

HIV Treatment and Prevention;

3.8.2.3.2

Education; and

3.8.2.3.3

Rural Development structures.