Black Economic Empowerment definition
Black Economic Empowerment or “BEE” - an integrated and coherent socio-economic process that directly contributes to the economic transformation of South Africa and brings about significant increases in the number of Black People who manage, own and control the country's economy, as well as significant decreases in income inequalities, as defined in the Broad Based Black Economic Empowerment Act;
Black Economic Empowerment or “BEE” - shall have the meaning ascribed to it in the BBBEE Act; 2.1.7 “Black People” - shall have the meaning ascribed to it in the BBBEE Act; 2.
Black Economic Empowerment or “BEE” - shall have the meaning ascribed to it in the BBBEE Act; 2.1.7 “Black People” - shall have the meaning ascribed to it in the BBBEE Act; 2.1.8 “Business” - the business of a mobile spa with associated activities in the facility as outlined in Schedule 1; 2.1.9 “Business Assets” the assets of the Business as set out in Schedule 21A;
Examples of Black Economic Empowerment in a sentence
Specify constraints which Contractor must comply with after contract award in regard to any Broad Based Black Economic Empowerment (B-BBEE) or preferencing scheme measures.
Broad-Based Black Economic Empowerment Act The Broad –Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003).
B-BBEE Broad-Based Black Economic Empowerment B-BBEE status level of contributor The B-BBEE status received by a measured entity based on its overall performance using the relevant scorecard contained in the Codes of good practice on Black Economic Empowerment, issues in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act.
The Contractor further undertakes to comply with Black Economic Empowerment policies of ArcelorMittal from time to time and is required to improve its BBBEE compliance status by at least one contribution level every year for the duration of the Agreement, until such time as a BBBEE compliance level 3 is reached.
Specify constraints which Supplier must comply with after contract award in regard to any Broad Based Black Economic Empowerment (B-BBEE) or preferencing scheme measures.
More Definitions of Black Economic Empowerment
Black Economic Empowerment means the economic empowerment of all black people including women, workers, youth, people with disabilities and people living in rural areas through diverse but integrated socio-economic strategies that include, but are not limited to-
Black Economic Empowerment or “BEE” - shall have the meaning ascribed to it in the BBBEE Act; 2.1.7 “Black People” - shall have the meaning ascribed to it in the BBBEE Act; 2.1.8 “Business” - the business of an accommodation establishment that shall be conducted as a going concern upon the Treehouse Camp Facility; 2.1.9 “Business Assets” the assets of the Business as set out in Schedule 18A; 2.1.10 “Business Day” - any day other than a Saturday, Sunday or national public holiday in South Africa; 2.1.11 “Capital Expenditure” - any expenditure treated as capital expenditure under IFRS as used by the Private Party; 2.1.12 “Capital Investment Assets” - the assets of a capital nature procured by the Private Party for the purpose of the conduct of the Business and includes the equipment, furnishings, fixtures and improvements relating thereto; 2.1.13 “Change in Control” - any change whatsoever in Control of the Private Party, whether effected directly or indirectly; 2.1.14 “Companies Act” - the Companies Act, No. 71 of 2008, as amended from time to time; 2.1.15 “Confidential Information" - any information or know-how in whatever form relating to the business affairs, trade secrets, products, operating, or marketing techniques, methods or processes, suppliers, customers or finances of either of the Parties; 2.1.16 “Consents” - all consents, permits, clearances authorisations, approvals, rulings, exemptions, registrations, filings, decisions, licences, certificates required to be issued by or made with any Responsible Authority in connection with the attainment of any of the Project Deliverables;
Black Economic Empowerment means the economic empowerment of Black People through diverse but integrated social-economic strategies, as contemplated from time to time in policies, laws, regulations, directives and advisory opinions made or given by the Government of South Africa, State institutions, administrators, or relevant Black Economic Empowerment charters and generally recognised bodies of a public character, but specifically the BEE Act and BEE Codes;
Black Economic Empowerment or “BEE” - an integrated and coherent socio- economic process that directly contributes to the economic transformation of South Africa and brings about significant increases in the number of Black People who manage, own and control the country's economy, as well as significant decreases in income inequalities, as defined in the Broad Based Black Economic Empowerment Act; 2.1.7 “Business Day” - a normal business day, excluding weekends and statutory public holidays; 2.1.8 “Capital Investment Assets” - the assets provided by the Private Party as part of its obligations in terms of the PPP Agreement and includes the equipment, furnishings, fixtures and improvements set out in Schedule 13 to the agreement; 2.1.9 “Change in Control” - any change whatsoever in Control, whether effected directly or indirectly; 2.
Black Economic Empowerment or “BEE” - shall have the meaning ascribed to it in the BBBEE Act; 2.1.7 “Black People” - shall have the meaning ascribed to it in the BBBEE Act; 2.1.8 “Business” - the business of Spa Facility that shall be conducted as a going concern in GGHNP. 2.1.9 “Business Assets” the assets of the Business as set out in Schedule 21A; 2.1.10 “Business Day” - any day other than a Saturday, Sunday or national public holiday in South Africa;
Black Economic Empowerment means the practice, laws and regulations employed by the state and organs of the state to enhance business opportunities for enterprises that are predominately owned or operated by the previously disadvantaged individuals.
Black Economic Empowerment or “BEE” - shall have the meaning ascribed to it in the BBBEE Act; 2.1.8 “Black People” - shall have the meaning ascribed to it in the BBBEE Act; 2.1.9 “Business” - the business of the Mobile Tented Safari Facilities with catering and related tourism facilities that shall be conducted as a going concern upon the agreed sites; 2.1.10 “Business Assets” - the assets of the Business as set out in Schedule 18; 2.1.11 “Business Day” - any day other than a Saturday, Sunday or national public holiday in South Africa; 2.1.12 “Capital Expenditure” - any expenditure treated as capital expenditure under GAAP; 2.