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

Issuer (type)

South African Government (Government)

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