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

Sector Codes

Defence Sector Code

5. Objectives

 

5.1 The Objectives of the Defence Sector Code are to provide the SADI with a framework within which to implement B-BBEE and to give practical effect to national policy imperatives as set out in The National Development Plan, the Defence Industrial Participation Programme, the National Industrial Policy Framework, the Industrial Policy Action Plan, the Black Industrialists Policy and the South African Defence Review 2015;

 

5.2 More specifically, the Defence Sector Code aims to achieve the following objectives:
5.2.1 to implement measures that will ensure the effective participation of Black people in the SADI and in the broader economy;
5.2.2 to encourage the participation of and growth of SMME’s in the SADI;
5.2.3 to promote the growth of technical innovation within the SADI;
5.2.4 to promote the growth of the SADI as a profitable, sustainable industry;
5.2.5. to promote local manufacturing capability in the SADI for local and export purposes;
5.2.6 to advance the acquisition, retention and transfer of critical, technical and Scarce Skills in the SADI;
5.2.7 to protect South Africa’s Sovereign Capability in the SADI;
5.2.8 to actively promote entrepreneurship especially among the Black Designated Groups;
5.2.9 to promote entrepreneurship and new enterprises in the SADI; and
5.2.10 to contribute to job creation.