B-BBEE Clause Samples
The B-BBEE clause establishes requirements or commitments related to Broad-Based Black Economic Empowerment, a South African policy framework aimed at promoting economic participation and equity for historically disadvantaged groups. In practice, this clause may require parties to maintain a certain B-BBEE status level, provide regular compliance certificates, or collaborate on initiatives that improve empowerment ratings. Its core function is to ensure that contractual parties align with B-BBEE regulations, thereby supporting social transformation objectives and enabling compliance with legal or industry standards.
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B-BBEE. The Contractor shall maintain the Required B-BBEE Recognition Level for the duration of the Agreement. The Contractor shall provide Eskom with a valid Verification Certificate and such other information as Eskom may reasonably request, in respect of which the Contractor claims maintenance for the duration of the Agreement of the Required B-BBEE Recognition Level. For the purpose of this clause “verification Certificate’ means a verification certificate and the accompanying documentary proof confirming the B-BBEE Status of a particular entity as issued by an accredited verification agency.
B-BBEE. Each MineCo shall, and shall procure that, to the extent applicable to it, each Seller Group Member shall, comply with the Mining Charter and any other applicable Law promoting B-BBEE and all applicable B-BBEE Requirements and shall maintain its B-BBEE Status at all times.