Amended Forest Sector Code gazetted
Trade and Industry Minister Dr Rob Davies has approved the amended Forest Sector Code outlining transformation guidelines aligned to the Amended Codes of Good Practice for the forestry sector.
“The forestry sector is one of the sectors that can stimulate and accelerate rural development, because most of its operations are primarily situated in rural and underdeveloped areas,” said Davies.
The code, which will be reviewed within two years of gazette, to set new targets, will also impact on other manufacturing industries, including the furniture industry, with the scope of application for the amended sector code including all enterprises involved with commercial forestry and first level processing of wood products.
The code highlights subsectors such as growers, contracting, fibre, sawmilling, pole and charcoal.
Further, the amended Forest Sector Code prioritises the empowerment of designated groups, such as broad-based schemes, employment share ownership plans and communities, under the ownership element.
“The prioritisation is done to ensure that, not only are ownership patterns being changed, but also that poverty and income inequalities are addressed. The prioritisation is reflected in the fact that the ownership targets for the designated groups have been set at 7.5%, which is higher than the 3% of the generic Codes,” Davies pointed out.
The codes also indicated an increase in the allocation of points for enterprise development.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...
VISIT SHOWROOM
AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
