B Bbee Act News Today

SPONSORED | The findings of the annual report on the progress of economic transformation in SA will be unpacked on July 18

However, the council said it is sharply opposed to Ramaphosa's plan to appoint an electricity minister.

The objective of the B-BBEE Act is clear in seeking to increase the number of previously disadvantaged social groups to participate meaningfully in the mainstream economy through various interventions.

Hosken Consolidated Investments has for more than a year been battling the department of trade, industry & competition over R117m the department is withholding from a subsidiary-owned company amid allegations of misrepresentation of its broad-based black economic empowerment status.

Accrediting fronting firms hampers BEEs good intent SIBUSISO MTSETFWA"> By SIBUSISO MTSETFWA - 19 April 2021 - 07:57 I recently came across a “transformed” 51% black-owned company that flashed its level 2 broad-based BEE  (B-BBEE) credentials to all and sundry as it stood at the front of the tender line, successfully winning and retaining contracts with large corporations it did business with before its “transformation”. I say “transformed” because on closer investigation...