B-BBEE Act definition

B-BBEE Act means the Broad-Based Black Economic Empowerment Act, 2003;
B-BBEE Act means the Broad-Based Black Economic Empowerment Act, 2003 (Act No 53 of 2003);
B-BBEE Act means the Broad Based Black Economic Empowerment Act No. 53 of 2003;

Examples of B-BBEE Act in a sentence

  • A bidder who qualifies as a EME in terms of the B-BBEE Act must submit a sworn affidavit confirming Annual Total Revenue and Level of Black Ownership.

  • Bidders with annual total revenue of R10 million or less qualify as Exempted Micro Enterprises (EMEs) in terms of the B-BBEE Act must submit a certificate issued by a registered, independent auditor (who or which is not the Bidder or a part of the Bidder) or an accredited verification agency.

  • The Sun International group reserves the right to, in its sole discretion, call upon a Supplier to provide details regarding its shareholding, management, and related information in order to verify that the Supplier is not engaging in fronting practices or other practices that are designed to circumvent the BBBEE Act and South African dti Codes of Good Practice.

  • Bidders who qualify as EMEs in terms of the B-BBEE Act must submit a certificate issued by an Accounting Officer as contemplated in the CCA or a Verification Agency accredited by SANAS or a Registered Auditor.Registered auditors do not need to meet the prerequisite for IRBA’s approval for the purpose of conducting verification and issuing EMEs with B-BBEE Status Level Certificates.

  • Continuous efforts will be undertaken to improve the participation of targeted groups in the procurement processes of the department in line with BBBEE Act and PPPFA.


More Definitions of B-BBEE Act

B-BBEE Act means the Broad-Based Black Economic Empowerment Act, 2003 and any regulations promulgated thereunder including the Codes;
B-BBEE Act means the South African Broad-Based Black Economic Empowerment Act, No. 53 of 2003.
B-BBEE Act means the Broad-Based Black Economic Empowerment Act, 53 of 2003 as amended by the Broad-Based Black Economic Empowerment Act, 46 of 2013, and any regulations or codes of good practice promulgated thereunder (including the Codes) as they may exist from time to time;
B-BBEE Act means the Black Economic Empowerment Act, No 53 of 2003, as amended and any regulations and codes of good practice published thereunder from time to time;