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Broad Based Black Economic Empowerment Act, 2003 and its Amendment Bill 2012

South Africa Current 2013

This Act sets out a national framework for the promotion of broad-based black economic empowerment (B-BBEE) and requires progress reports to be submitted to government. Reporting against the criteria of this Act and the associated charters has driven the structure of some reports.

Issuer name

Department of Trade and Industry

Government ministry

Business/Trade/Industry

More information

The amendment seeks to (disclaimer, this list is shortened to relevant disclosure/transparency matters): promote compliance by organs of state and public entities and to strengthen the evaluation and monotiling of compliance; to establish the B-BBEE Commission to deal with compliance of B-BBEE; to provide offences and penalties; and to provide for matters connected therewith.

Organizations covered by the instrument

All Companies

Industry scope

All/none specified

Disclosure venue

Progress report to government

Status

Current

Country

South Africa

Region

Africa & Middle East

Date of publication

2013

Issuer type

Governments (governmental department, agency)

Reporting requirements

Public law and regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

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