Broad-Based Black Economic Empowerment Amendment Act 46 of 2013

The Broad-Based Black Economic Empowerment Amendment Act 46 of 2013 aims:

• to amend the Broad-Based Black Economic Empowerment Act, 2003, so as:
  • to insert certain definitions and to amend others;
  • to clarify interpretation;
  • to provide for the remuneration of Council members;
  • to promote compliance by organs of state and public entities and to strengthen the evaluation and monitoring of compliance;
  • to include the creation of incentive schemes to support black owned and managed enterprises in the strategy for broad-based black economic empowerment;
  • to provide for the cancellation of a contract or authorisation;
  • to establish the Broad-Based Black Economic Empowerment Commission to deal with compliance of broad-based black economic empowerment;
  • to provide for offences and penalties;
• to provide for matters connected therewith.

Commencement

24 October 2014 (Government Gazette 38126, 24 October 2014)