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;
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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;
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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 xxxx breakfast and dinner and operation of recreational facilities which shall be conducted as a going concern upon the AENP Xxxx Braai Facility; 2.1.9 “Business Assets” the assets of the Business as set out in Schedule 21A; 2.1.10 “Xxxx Site” - the area within the Protected Area used for purposes of xxxx breakfast and dinner as described in Schedule 1; 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 GRAP or IFRS as used by the Private Party; 2.1.13 “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; 2.1.14 “Change in Control” - any change whatsoever in Control of the Private Party, whether effected directly or indirectly; 2.1.15 “Companies Act” - the Companies Act, No. 71 of 2008, as amended from time to time; 2.1.16 “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; 2.1.17 “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; 2.1.18 “Constitutional Documents” - the Private Party's memorandum of incorporation and certificate to commence business, as well as the Private Party’s shareholders’ agreement, equity subscription agreements and/or equity guarantees entered into and provided in respect of the Private Party and any documents or agreements in respect of any debentures issued by the Private Party, all of which are attached to this PPP Agreement as Schedule 9 and the terms of which shall be to the satisfaction of SANParks; 2.1.19 “Consumer Protection Act” - the Consumer Protection Act, No. 68 of 2008, as amended from time to time; 2.1.20 “Control” - in relation to any entity, the ability, directly or indirectly to: (i) direct or cause the direc...
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Examples of Black Economic Empowerment in a sentence

  • It contains general information and serves as a claim form for preference points for Broad-Based Black Economic Empowerment (B-BBEE) Status Level of Contribution NB: BEFORE COMPLETING THIS FORM, BIDDERS MUST STUDY THE GENERAL CONDITIONS, DEFINITIONS AND DIRECTIVES APPLICABLE IN RESPECT OF B-BBEE, AS PRESCRIBED IN THE PREFERENTIAL PROCUREMENT REGULATIONS, 2017.

  • It contains general information and serves as a claim form for preference points for Broad-Based Black Economic Empowerment (B-BBEE) Status Level of Contribution NB: BEFORE COMPLETING THIS FORM, BIDDERS MUST STUDY THE GENERAL CONDITIONS, DEFINITIONS AND DIRECTIVES APPLICABLE IN RESPECT OF B- BBEE, AS PRESCRIBED IN THE PREFERENTIAL PROCUREMENT REGULATIONS, 2017.

  • It contains general information and serves as a claim form for preference points for Broad-Based Black Economic Empowerment (B-BBEE) Status Level of Contribution NB: BEFORE COMPLETING THIS FORM, BIDDERS MUST STUDY THE GENERAL CONDITIONS, DEFINITIONS AND DIRECTIVES APPLICABLE IN RESPECT OF B-BBEE, AS PRESCRIBED IN THE PREFERENTIAL PROCUREMENT REGULATIONS, 2011.

  • It contains general information and serves as a claim form for preference points for Broad-Based Black Economic Empowerment (B-BBEE) Status Level of ContributionNB: BEFORE COMPLETING THIS FORM, BIDDERS MUST STUDY THE GENERAL CONDITIONS, DEFINITIONS AND DIRECTIVES APPLICABLE IN RESPECT OF B-BBEE, AS PRESCRIBED IN THE PREFERENTIAL PROCUREMENT REGULATIONS, 2017.

  • It contains general information and serves as a claim for preference points for Broad-Based Black Economic Empowerment [B-BBEE] Status Level of Contribution.

  • It contains general information and serves as a claim form for preference points for Broad-Based Black Economic Empowerment (B-BBEE) Status Level of ContributionNB: BEFORE COMPLETING THIS FORM, BIDDERS MUST STUDY THE GENERAL CONDITIONS, DEFINITIONS AND DIRECTIVES APPLICABLE IN RESPECT OF B-BBEE, AS PRESCRIBED IN THE PREFERENTIAL PROCUREMENT REGULATIONS, 2011.

  • It contains general information and serves as a claim form for preference points for Broad-Based Black Economic Empowerment (B- BBEE) Status Level of Contribution NB: BEFORE COMPLETING THIS FORM, BIDDERS MUST STUDY THE GENERAL CONDITIONS, DEFINITIONS AND DIRECTIVES APPLICABLE IN RESPECT OF B-BBEE, AS PRESCRIBED IN THE PREFERENTIAL PROCUREMENT REGULATIONS, 2017.

  • It contains general information and serves as a claim form for preference points for Broad-Based Black Economic Empowerment (B-BBEE) Status Level of Contribution.

  • It contains general information and serves as a claim form for preference points for Broad-Based Black Economic Empowerment (B-BBEE) Status Level of ContributionNB: BEFORE COMPLETING THIS FORM, BIDDERS MUST STUDY THE GENERAL CONDITIONS, DEFINITIONS AND DIRECTIVES APPLICABLE IN RESPECT OF B- BBEE, AS PRESCRIBED IN THE PREFERENTIAL PROCUREMENT REGULATIONS, 2017.

  • Transnet fully endorses and supports the Government’s Broad-Based Black Economic Empowerment Programme and it would therefore prefer to do business with local business enterprises who share these same values.


More Definitions of Black Economic Empowerment

Black Economic Empowerment or “BEE” - shall have the meaning ascribed to it in the BBBEE Act;
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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-
Sample 1
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; 2.1.10
Sample 1
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 an astronomy product to be presented at the facility/ies as outlined in Schedule 1; 2.1.10 “Business Assets” the assets of the Business as set out in Schedule 21A; 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 or IFRS as used by the Private Party; 2.1.13 “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; 2.1.14 “Change in Control” - any change whatsoever in Control of the Private Party, whether effected directly or indirectly; 2.1.15 “Companies Act” - the Companies Act, No. 71 of 2008, as amended from time to time; 2.1.16 “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;
Sample 1
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;
Sample 1

Related to Black Economic Empowerment

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

  • freezing of economic resources means preventing the use of economic resources to obtain funds, goods or services in any way, including, but not limited to, by selling, hiring or mortgaging them;

  • Broad-Based Black Economic Empower-ment Act means the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);

  • Special Economic Zone means each Special Economic Zone notified under the proviso to sub-section (4) of section 3 and sub-section (1) of section 4 (including Free Trade and Warehousing Zone) and includes an existing Special Economic Zone;

  • Indian-owned economic enterprise means any Indian-owned (as determined by the Secretary of the Interior) commercial, industrial, or business activity established or organized for the purpose of profit, provided that Indian ownership constitutes not less than 51 percent of the enterprise.

  • Net Economic Return shall have the meaning ascribed to such term in paragraph 2 of Exhibit E to the Lease.

  • U.S. Economic Sanctions is defined in Section 5.16(a).

  • Michigan economic growth authority means the Michigan economic growth authority created in the Michigan economic growth authority act, 1995 PA 24, MCL 207.801 to 207.810.

  • Greatest economic need means the need resulting from an annual income level at or below the official poverty guideline as defined in IAPI issued by the department.

  • exclusive economic zone ’ means the zone established by Presidential Proclamation Numbered 5030, dated March 10, 1983, including the ocean waters of the areas referred to as ‘‘eastern special areas’’ in Article 3(1) of the Agreement between the United States of America and the Union of Soviet Socialist Re- publics on the Maritime Boundary, signed June 1, 1990;

  • Regional economic integration organization means an organization constituted by sovereign States of a given region to which its member States have transferred competence in respect of matters governed by this Convention and which has been duly authorized, in accordance with its internal procedures, to sign, ratify, accept, approve or accede to this Convention;

  • Atomic Energy Act means the Atomic Energy Act of 1954, as amended.

  • Michigan economic development corporation means the public body corporate created under section 28 of article VII of the state constitution of 1963 and the urban cooperation act of 1967, 1967 (Ex Sess) PA 7, MCL 124.501 to 124.512, by a contractual interlocal agreement effective April 5, 1999, as amended, between local participating economic development corporations formed under the economic development corporations act, 1974 PA 338, MCL 125.1601 to 125.1636, and the Michigan strategic fund. If the Michigan economic development corporation is unable for any reason to perform its duties under this act, those duties may be exercised by the Michigan strategic fund.

  • economic resources means assets of every kind, whether tangible or intangible, movable or immovable, which are not funds, but may be used to obtain funds, goods or services;

  • Urban Coordinating Council Empowerment Neighborhood means a neighborhood given priority access to State resources through the New Jersey Redevelopment Authority.

  • OP Unit Economic Balance has the meaning set forth in Section 6.03(c) hereof.

  • U.S. Economic Sanctions Laws means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which economic sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act and any other OFAC Sanctions Program.

  • Economic abuse means any behaviour that has a substantial adverse effect on B’s ability to—

  • Common Unit Economic Balance has the meaning set forth in Section 5.01(g) hereof.

  • Empowerment Neighborhoods means neighborhoods designated by the Urban Coordinating Council “in consultation and conjunction with” the New Jersey Redevelopment Authority pursuant to N.J.S.A 55:19-69.

  • Cultural resources means archaeological and historic sites and artifacts, and traditional religious, ceremonial and social uses and activities of affected Indian tribes.

  • Oil sands means impregnated bituminous sands that:

  • Air Standards Manager means the Manager, Human Toxicology and Air Standards Section, Standards Development Branch, or any other person who represents and carries out the duties of the Manager, Human Toxicology and Air Standards Section, Standards Development Branch, as those duties relate to the conditions of this Certificate.

  • Indigenous Peoples Planning Framework or “IPPF” means the indigenous peoples planning framework for the Investment Program, including any update thereto, agreed between the Borrower and ADB and incorporated by reference in the FFA;

  • Economic Sanctions refers to sanctions imposed by the U.S. government in response to Russia’s actions in Ukraine, as well as any sanctions imposed under state law. The EO directs state agencies to terminate contracts with, and to refrain from entering any new contracts with, individuals or entities that are determined to be a target of Economic Sanctions. Accordingly, should the State determine Contractor is a target of Economic Sanctions or is conducting prohibited transactions with sanctioned individuals or entities, that shall be grounds for termination of this agreement. The State shall provide Contractor advance written notice of such termination, allowing Contractor at least 30 calendar days to provide a written response. Termination shall be at the sole discretion of the State.

  • Disaster Management Act means the Disaster Management Act, 2002 (Act No.57 of 2002)