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

Codes of Good Practice on Black Economic Empowerment

Purchase

•	Taxation at the same rate as employees as if:

o	Owner-driver works more than 80% for one company; or

o	Owner-driver has less than 4 employees

•

Funding

•	Freight rates

•	Payment of invoices

•	Vehicle replacement has to be budgeted for. (need some clarification)

•	The Cross Border Costs

•	Input and effort of the owner-driver is required, especially in the first year.

•	Timorously payment of Owner-Drivers.