166-8 Broad-based Black Economic Empowerment Act 53 of 2003

Summary

The Broad-based Black Economic Empowerment Act 53 of 2003 intends: to establish a legislative framework for the promotion of black economic empowerment; to empower the Minister to issue codes of good practice and to publish transformation charters; to establish the Black Economic Empowerment Advisory Council; and to provide for matters connected therewith.

Broad-based Black Economic Empowerment Act 53 of 2003

Issuer

South Africa

Year

2003

Region

Africa

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory

Main industries targeted

Finance & Insurance
Information
Public administration

Restrictiveness

Low

Sustainable Development Goals (SDGs)

SDG 1: No Poverty
SDG 2: Zero Hunger
SDG 3: Good Health and Well-being
SDG 5: Gender Equality
SDG 8: Decent Work and Economic Growth
SDG 10: Reduced Inequality
SDG 16: Peace, Justice, and Strong Institutions
SDG 17: Partnerships for the Goals