B-BBEE Charters

B-BBEE Charters

Get Started. It's Free
or sign up with your email address
B-BBEE Charters by Mind Map: B-BBEE Charters

1. Agri-BEE Charter

1.1. The objectives of this Amended AgriBEE Sector Code are to facilitate Broad-based Black Economic Empowerment in the agricultural Sector by: implementing initiatives to include Black South Africans at all levels of agricultural activity and Enterprises by: promoting equitable access and participation of Black People in the entire agricultural value chain;

2. Integrated Transport Sector Codes

2.1. The Integrated Transport Sector Codes have been gazetted by the South African government. The Codes aim to fast-track the implementation of efficient transportation, freight and logistics sectors within the economy. One of the main highlights is the achievement of a 35% black-ownership target for transport sub-sectors.

3. Financial Sector Charter

3.1. The Financial Services Sector Code will monitor the dilution of black shareholding in the sector. An extra element aims to improve access to finance for black people and black-owned enterprises.

4. Chartered Accountancy Sector Code

4.1. With this charter, the Chartered Accountancy Profession aims to increase the number of black people, particularly black women entering the profession, to reflect the country’s demographic population. Black Chartered Accountants have been identified as possessing critical skills that are in short supply and yet in great demand in South Africa. The Sector aims to achieve 32,5% black ownership target by 2016.

5. ICT Charter

5.1. Throughout the Amended BBBEE ICT Sector Code, various criteria appear which advance the interests of certain categories of Black People. These include: (Black Women who should form between 40% and 50% of the beneficiaries of all Elements of the Scorecard: and & Black People with disabilities, Black Youth, Black People living in rural areas and Black Unemployed People who should form between &2% and 3% of the beneficiaries of all Elements of the Scorecard

6. Forest Sector Code

6.1. The Forest Sector Code for the Forest Sub- Sectors of commercial primary growth, fibre production, contracting, sawmilling, pole and charcoal has come into effect. The code gives bonus points as an incentive for enterprises to achieve the requisite 30% BEE ownership.

7. Marketing, Advertising and Communication (MAC) Sector Code

7.1. The Association of Metropolitan African Chambers of Commerce and Industry (MAC) has approved a sector code aimed at increasing the number of black people that manage, own and control enterprises in the MAC sector. The 45% black ownership target is higher than the 25% target of the Generic Code.

8. Tourism Sector Code

8.1. To create more opportunities for emerging black owned enterprises across the supply and value chains of established businesses, the sector has set the target for supplier development at 3% NPAT which is higher than the 2% of the Generic Codes. An implementation of supplier development in the sector will lead to job creation and overall growth in the sector

9. Defence Sector Code

9.1. The Defence Sector Code aims to implement measures that will ensure the effective participation of Black people in South African Defence Industry(SADI) and in the broader economy. The sector code is further aimed: to encourage the participation of and growth of SMME’s in SADI;

10. Property Sector Charter

10.1. The charter has a number of peculiar features such as measurements for Economic Development which will be used by businesses to invest in properties in underdeveloped areas.