diff --git a/python-setuptools.spec b/python-setuptools.spec
index faed0e4..c8bcd29 100644
--- a/python-setuptools.spec
+++ b/python-setuptools.spec
@@ -17,14 +17,13 @@
 
 Name:           python-setuptools
 # When updating, update the bundled libraries versions bellow!
-Version:        49.6.0
+Version:        50.1.0
 Release:        1%{?dist}
 Summary:        Easily build and distribute Python packages
 # setuptools is MIT
 # appdirs is MIT
 # packaging is BSD or ASL 2.0
 # pyparsing is MIT
-# six is MIT
 # the setuptools logo has unknown license and possible TM problems,
 # but the sdist **does not** contain it,
 # see https://github.com/pypa/setuptools/issues/2227
@@ -69,7 +68,6 @@ execute the software that requires pkg_resources.
 Provides: bundled(python%{python3_pkgversion}dist(appdirs)) = 1.4.3
 Provides: bundled(python%{python3_pkgversion}dist(packaging)) = 20.4
 Provides: bundled(python%{python3_pkgversion}dist(pyparsing)) = 2.2.1
-Provides: bundled(python%{python3_pkgversion}dist(six)) = 1.10
 }
 
 %package -n python%{python3_pkgversion}-setuptools
@@ -191,6 +189,9 @@ PYTHONPATH=$(pwd) %pytest --ignore=pavement.py
 
 
 %changelog
+* Fri Sep 04 2020 Tomas Hrnciar <thrnciar@redhat.com> - 50.1.0-1
+- Update to 50.1.0 (#1873889)
+
 * Fri Aug 21 2020 Petr Viktorin <pviktori@redhat.com> - 49.6.0-1
 - Update to 49.6.0 (#1862791)
 
diff --git a/sources b/sources
index 87c6c54..9364316 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (setuptools-49.6.0.zip) = aad6e74b0e276da0f79c9429860a6d1c7860a30e9a02ce55527abbe7671366640423a1e5476da9ecadfc62ae1bf803cb0c664e2a09cf7619a9c8ac3965b9cf31
+SHA512 (setuptools-50.1.0.zip) = b5b0fa45bf87d567847b0a5275cc06f3847f53282832b8b5a0084412c16f558a9db9b8084e27a34b0e99081275bc714acd494731dd487f5850b7ad59257e5cfc