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

Codes of Good Practice on Broad-Based Black Economic Empowerment

Purchase

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

13.1.1

To constitute an executive structure with adequate capacity;

13.1.2

To oversee and monitor the implementation of the sector code;

13.1.3

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

13.1.4

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

13.1.5

To prepare annual reports on progress in implementing the sector code.

13.1.6

May offer support to the industry where conflicting opinions between regulators exist.