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Government Gazette Staatskoerant R E P U B L I C O F S O U T H A F R I CA R E P U B L I E K VA N S U I D A F R I K A Regulation Gazette. 68720No. 10177 September 2022 SeptemberRegulasiekoerantNo.

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What is 2512broad-based black economic empowerment?

2512broad-based black economic empowerment is a program in South Africa aimed at redressing the inequalities of the past by promoting economic transformation and increasing participation of black people in the economy.

Who is required to file 2512broad-based black economic empowerment?

Companies operating in South Africa, particularly those seeking to do business with the government or secure certain licenses and contracts, are required to file 2512broad-based black economic empowerment.

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To fill out 2512broad-based black economic empowerment, companies must provide detailed information about their ownership, management, employment equity, skills development, procurement, and socio-economic development initiatives.

What is the purpose of 2512broad-based black economic empowerment?

The purpose of 2512broad-based black economic empowerment is to promote economic transformation, reduce inequality, and empower black people by increasing their participation in the economy.

What information must be reported on 2512broad-based black economic empowerment?

Companies must report on their ownership structure, management composition, employment equity policies, skills development programs, procurement practices, and socio-economic development initiatives on 2512broad-based black economic empowerment.

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