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ZAF-2004-L-94055
Breadcrumb
Title_of_text
Broad-based Black Economic Empowerment Act, [No. 53 of 2003].
Main Region
First Region
Country(ies)
South Africa
Subjects (Classification)
Equality of opportunity and treatment
Adopted on (Date of text)
2004-01-09
Scope of text
National
Type of legislation (Type of text)
Law, Act
Second Region
Abstract/Citation
The Act establishes a legislative framework for the promotion of black economic empowerment. It empowers the Minister to issue codes of good practice and to publish transformation charters. The Act also establishes the Black Economic Empowerment Advisory Council. The Act was adopted in order to:
- promote the achievement of the constitutional right to equality, increase broad-based and effective participation of black people in the economy and promote a higher growth rate, increased employment and more equitable income distribution; and
- establish a national policy on broad-based black economic empowerment so as to promote the economic unity of the nation, protect the common market, and promote equal opportunity and equal access to government services.
Electronic region
Electronic source title
Legislation on-line
Author
Department of Labour
Country
South Africa
URL
http://www.labour.gov.za
File
ZAF94055.pdf (PDF of Act)