BEE Compliant definition

BEE Compliant means compliant with the Codes of Good Practice published by the Minister of Trade and Industry of South Africa in terms of the Broad-Based Black Economic Empowerment Act, 53 of 2003, as amended, to the extent that such codes are applicable;
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Examples of BEE Compliant in a sentence

  • You undertake for the duration of This BEE Contract, not to permit the Sale Off Market of any of the Specified BEE Securities or any rights or interests therein, nor to instruct the Registered Shareholder, the CSDP, the JSE Member, the IH or the IHRS, as the case may be, to effect transfer or permit the transfer of those BEE Securities on Your behalf, to any person who/which is not a BEE Compliant Person and who/which has not signed a BEE Contract.

  • The Private Party shall ensure that: no less than [x] percent of the total procurement spend to be incurred by the Private Party shall be expended under subcontracts with BEE Compliant companies; no less than [x] percent of the total procurement spend to be incurred by the Private Party shall be expended under subcontracts with Local BEE Compliant companies.

  • If an Encumbrance has been recorded against any BEE Securities, the Participant must ensure before transferring those BEE Securities in terms of the Encumbrance, that they are only transferred to a BEE Compliant Person, who binds herself/himself/itself to a BEE Contract prior to taking transfer of those BEE Securities.

  • If an Encumbrance has been recorded against any BEE Securities, the Participant must ensure before transferring those BEE Securities in terms of the Encumbrance, that they are only transferred to a BEE Compliant Person, who binds herself/ himself/itself to a BEE Contract prior to taking transfer of those BEE Securities.

  • Indicate below whether the Company has ever been the subject of any insolvency, business proceedings: Company YES NO If “Yes” please explain Please indicate whether your company is a black-owned or BEE compliant business: Black-owned business BEE Compliant business YES YES NO If “Yes” please explain NO If “Yes” please explain Please include the following with this application: A.