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

Codes of Good Practice on Broad-Based Black Economic Empowerment

Purchase

(6.1)

The Property Sector Charter Council ("the Charter Council") represents all stakeholders in the sector. The mandate of the Charter Council includes:

(6.1.1)

To constitute an executive structure with adequate capacity;

(6.1.2)

To oversee and monitor the implementation of the sector code;

(6.1.3)

To receive, consider and approve annual enterprise B-BBEE reports;

(6.1.4)

To issue guidance notes on the interpretation and application of the sector code;

(6.1.5)

To prepare annual reports on progress in implementing the sector code; and

(6.1.6)

To liaise with and report to the Black Empowerment Advisory Council ("the BEE Advisory Council") on transformation of the property sector.