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

Codes of Good Practice on Black Economic Empowerment

Purchase

5.1	The MAC SA is accountable to all stakeholders, comprising representatives from the MAC stakeholder bodies.

5.2	The MAC SA will consist of two members from each stakeholder who have signed the MAC Charter (including those industries which are advocacy bodies).

5.3	The MAC SA will convene at least one annual meeting to report and interact with the MAC Charter Council.

5.4	The MAC SA may review its mandate if tabled at a fully constituted meeting, and if more than 25% of stakeholders in the MAC SA agree to the motion.