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Black Economic Empowerment (BEE) is a policy of the South African government which aims to facilitate broader participation in the economy by black people. A form of affirmative action , it is intended especially to redress the inequalities created by apartheid .
The initial, draft proposal release in August 2003 had the stated objectives of boosting South Africa's economic growth rate from 2.7 percent to 5 percent annually, developing a system of tax incentives and penalties to encourage black ownership of companies and businesses and to raise R224-billion to ensure 26 percent black ownership of all equity on the JSE Securities Exchange by 2014.
The South African Financial Sector Charter is a transformation charter in terms of the Broad-based Black Economic Empowerment (BBBEE) Act.. The Charter came into effect in January 2004 as a result of the Financial Sector Summit hosted by the National Economic Development and Labour Council (Nedlac), the multilateral social dialogue forum on social, economic and labour policy.
The head of South Africa's flagship Black economic empowerment programme plans to introduce additional incentives and potential fines to improve corporate participation and curb exploitation of ...
In South African law, Exempted Micro Enterprises (EMEs) are businesses that are exempt from measurement in terms of the DTI's codes of Good Practice for Black Economic Empowerment (BEE). They automatically qualify as 100% contributors towards BEE, this offers small South African businesses the opportunity to grow as a result of BEE irrespective ...
South African Human Rights Commission Act, 2013: 42: Judicial Matters Amendment Act, 2013: 43: Judicial Matters Second Amendment Act, 2013: 44: South African Postbank Limited Amendment Act, 2013: 45: Financial Services Laws General Amendment Act, 2013: 46: Broad-Based Black Economic Empowerment Amendment Act, 2013: 47: Employment Equity ...
Download as PDF; Printable version ... Pages in category "Black economic empowerment" The following 6 pages are in this category, out of 6 total. ... you agree to the ...
It is Africa's largest asset manager. [3] Established in 1911, it holds large stakes in several South African companies, and is one of the entities through which the government implements its policy of Broad-Based Black Economic Empowerment. The PIC is also responsible for investing in the South African Government Employees Pension Fund (GEPF).