It is doubtful whether organised business, who began participating in activities at the National Economic Development and Labour Council (NEDLAC) in the mid-90s, anticipated how it’s expressed mandate in BBBEEE legislation would be twisted and turned to such an extent that it is now unrecognisable.
Charter Councils, being voluntary social partnerships between organised business, labour participants and other interested groups indicate to the Department of Trade and Industry that they wish to work with the generic Broad-Based Black Economic Empowerment codes in order to customise them to suit the realities of a particular industry or sector.
I recently interviewed Mr Thabo Masombuka, CEO of the Construction Sector Charter Council. You can listen to the interview by clicking on the link at the end of the article. Our discussion makes the purpose and operation of any Charter Council clear....