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Auditing and accounting firm SAB&T BEE Services (Pty) Ltd and Shameema Ismail have issued a public apology after the Broad-Based Black Economic Empowerment (B-BBEE) Commission made non-compliance findings against them.
The 21st of November 2022 marks Sha-Izwe/CSA’s 35th year in business. It began in 1987 with two small customers, JSE-listed mainframe company CMS and a small accounting business called GroData. Turnover was R4,500pm. In 1987, fax machines had not been launched. Press releases were typed on a borrowed IBM golf ball typewriter and delivered by
The B-BBEE Commission appeals to organs of state and public entities to enhance due diligence processes to detect and reject invalid B-BBEE claims made by entities during procurement, licensing, granting of economic incentives, sale of state assets or public private partnership processes to ensure compliance with the B-BBEE Act. This follows public concerns that B-BBEE seems to benefit those that are not intended under the law, which includes foreign nationals, permanent residents, those with ...