Title: Black Economic Empowerment Act (BEE)
Language: English
Type: Document
Nature: Laws and Regulations
Published: January 1, 2004
Region: Sub-Saharan Africa (SSA)
Country: South Africa
Topic: SMEs
Keywords: Legal Framework *
Document Link(s):
Document Summary:
Black Economic Empowerment Act (BEE)
Document Details:
Conforming the Black Economic Empowerment Act (BEE) , this contract includes several clauses for its compliance such as preferential procurement with SMEs or BEE compliant suppliers. Likewise, the contract includes indicators and milestones that should be achieve in different stages of the contract, such as Enterprise Development that is measured by “Enhanced revenue and/or cost savings and/or twining initiatives facilitated for black owned SMMEs, as a percentage of revenue.”
Clauses: 46; 46.2; 46.2.2; 46.2.11; 46.2.11.2 - 46.2.11.4; 46.2.17; 46.2.17.1; 46.2.17.7; 46.3; 46.3.1; 46.4; 46.4.1.
Related Information:
- Bidding Documents and Contractual Provisions of SMEs
- Small and Medium Enterprises and PPPs
- Standardized Bidding Documents and Guidance Manuals for Local Governments
- Standardized Agreements, Bidding Documents and Guidance Manuals
Tracking Reference:
Black-Economic_Empowerment_Act (BEE)_2004_EN.pdf
Updated: