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Transformation and Empowerment are part of the TBCSA’s 10 macro-economic priorities, which makes us proud to know that our sector is once again living up to its reputation as a trailblazer in this area. On the 20th of November 2015 the Amended Tourism B-BBEE Sector Code, in terms of Section 9 (1) of the B-BBEE Act 53 was gazetted, effective immediately. So far, we are the only economic sector to achieve this feat. This means all entities requiring a rating within the travel and tourism sector will need to adhere to this gazette. The amended Code is designed to suit the unique but complex nature of our business, thus differs slightly with the DTI’s Amended Generic Codes of Good Practice.

Also, on Tuesday 9 February 2016, Minister of Tourism Derek Hanekom handed over the Amended Tourism Broad-Based Black Economic Empowerment Sector Codes to the TBCSA. The handover of the Codes to the business sector marks the start of an integrated industry-wide process to transform the tourism sector, and ensure the distribution of wealth in the industry is demographically balanced. In addition, we have created a Transformation and Socio-economic sub committee who will manage and guide the Secretariat in achieving its objectives for transformation and empowerment in the travel and tourism industry.

BUSA have drafted a Position Paper that provides a high-level summary on the background, legislative framework and current status of Black Economic Transformation in South Africa. The Paper also identifies the guiding principles for business on Black Economic Transformation, the business response and the desired end-state of a de-racialised  economy that seeks to broaden and deepen economic benefit and participation.

The following are key themes and principles contained in the BUSA Position Paper:

  • The pace and depth of economic transformation has been insufficient to support a growing economy, employment and social development in South Africa. Business is fully committed to accelerating this process with government and key social partners.
  • A business approach includes enterprise development by expanding opportunities and removing regulatory and other exclusionary barriers for emerging black enterprises.
  • Education and skills development requires enhanced support to basic education and a significant review of the current institutional skills structure (make skills development demand-led). 
  • Corruption, maladministration and state capture by narrow vested interests will undermine economic transformation unless decisively addressed. 
Click the link to read the full BUSA Position Paper:  Background-Black-Economic-Transformation-Position-Paper.pdf