Black empowered enterprise definition

Black empowered enterprise means an enterprise that is at least 25,1% owned by black persons and where there is substantial management control. Ownership refers to economic interests. Management refers to executive directors. This is whether the black enterprise has control or not.
Black empowered enterprise means an enterprise that is 50,1% black-owned and wherethere is substantial management control"Black Designated Groups" means:(a) unemployed black people not attending and not required by law to attend an educational institution and not awaiting admission to an educational institution;(b) Black people who are youth as defined in the National Youth Commission Act of 1996;(c) Black people who are persons with disabilities as defined in the Code of Good Practice on employment of people with disabilities issued under the Employment Equity Act;(d) Black people living in rural and under developed areas;(e) Black military veterans who qualifies to be called a military veteran in terms of the Military Veterans Act 18 of 2011;"Black People" Is a generic term which means African, Coloureds, Indians andChinese(a) who are citizens of the Republic of South Africa by birth or decent;or(b) who became citizens of the Republic of south Africa by naturalisation -(i) before 27 April 1994;(ii) on or after 27 April 1994 and who would have been entitled to acquire citizenship by naturalisation prior to that date."Localisation" locally produced can be defined using the approved local matrix thatDetermines the meaning of locally produced/supplierdepending onComplexity of the work package and skill required. o Simple work package and no skills required Where simple work package and no skill required - the use of immediate communities is primary.o Simple work package and medium to low skill required Where simple work package and medium to low skill required - the use of COJ regional suppliers is primary.o Simple work package and medium to high skill Where simple work package and medium to high - the use of suppliers within the City of Joburg is encouraged and promoted.o Simple work package and Specialized skillsWhere simple work package and specialized skills - the use of suppliers in the Gauteng province is encouraged and promoted.o Mixed work package and no skills required Where mixed work package and no skill required - the use of COJ regional suppliers is primary.o Mixed work package and medium low skill required Where mixed work package and medium to low skill required - the use of suppliers within the City of Joburg is encouraged and promoted.o Mixed work package and medium high skill Where mixed work package and medium high - the use of suppliers in the Gauteng province is encouraged and promoted.o Mixed work package and Specialized skill Where mixed work package and special...
Black empowered enterprise means an enterprise that is 50,1% black-owned and wherethere is substantial management control "Black Designated Groups" means:(a) unemployed black people not attending and not required by law to attend an educational institution and not awaiting admission to an educational institution;(b) Black people who are youth as defined in the National Youth Commission Act of 1996;(c) Black people who are persons with disabilities as defined in the Code of Good Practice on employment of people with disabilities issued under the Employment Equity Act;(d) Black people living in rural and under developed areas;(e) Black military veterans who qualifies to be called a military veteran in terms of the Military Veterans Act 18 of 2011; "Black People" Is a generic term which means African, Coloureds, Indians andChinese(a) who are citizens of the Republic of South Africa by birth or decent;or(b) who became citizens of the Republic of south Africa by naturalisation -(i) before 27 April 1994;(ii) on or after 27 April 1994 and who would have been entitled to acquire citizenship by naturalisation prior to that date. "Localisation" locally produced can be defined using the approved local matrix thatDetermines the meaning of locally produced/supplierdepending onComplexity of the work package and skill required.

More Definitions of Black empowered enterprise

Black empowered enterprise means one that is at least 25.1% owned by black persons and where there is at least commensurate management control by black persons. In addition, such an enterprise must also be BEE accredited.
Black empowered enterprise means an enterprise that is at least 21.5% owned by black people and where there is substantial management control;
Black empowered enterprise means an entity that is at least 25, 1% owned by black persons and where there is substantial management control by black persons;
Black empowered enterprise means an enterprise in which at least 25,1% of the equity is owned by Black people;
Black empowered enterprise means an enterprise in which at least 25,1% of the equity is owned by HDIs;
Black empowered enterprise means one that is at least 25.1% owned by black persons and where there is at least 25% management control by black persons.
Black empowered enterprise means an enterprise that is 50,1% black-owned and wherethere is substantial management control "Black Designated Groups" means: