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

Industry Charters

Forest Sector Charter

8. Ownership

8.2 Additional Instruments

8.2.2 Restructuring of State forest assets

 

(a) Government, through DPE, will ensure that the transaction structure in the  sale  of Komati Land Forests will facilitate and encourage economic empowerment, taking into account the surrounding communities.

 

(b) Government, through DWAF, undertakes to restructure the remaining (Category B and C) state forest plantations still under the jurisdiction of the Department of Water Affairs and Forestry in accordance with the pro-poor development agenda of the government, and ensure that opportunities are opened to the broad-based black group this charter seeks to empower.

 

A plan for the restructuring of these plantations will be operational within one year of the signing of the Charter.