Amended in 2012, the National Black Economic Empowerment Act sets out a national framework for the promotion of broad-based black economic empowerment (BEE) and requires progress reports to be submitted to government. Reporting against the criteria of this Act and the associated charters has influenced the structure of non-financial reports by some companies. Enterprises may be rated based on gazetted BEE scorecards. The 2012 amendments sought among others to improve definitions; clarify interpretation; promote compliance by organs of state and public entities and strengthen the evaluation and monitoring of compliance; and to establish the Broad-Based Black Economic Empowerment Commission to deal with compliance.
Industry sectors covered by the instrument
Organizations covered by the instrument
Type of instrument
Mandatory or voluntary
The geographical scope