MEDIA RELEASE DATE: 19 October 2020 The B-BBEE Commission is hosting a webinar session to share with the public the investigation and enforcement cases received since its establishment in 2016, which include fronting, misrepresentation of B-BBEE status and falsification of B-BBEE certificates. The session is scheduled for 20 October 2020 at 10:00, with the…
MEDIA RELEASE DATE: 30 SEPTEMBER 2020 499 major Broad-Based Black Economic Empowerment (B-BBEE) transactions exceeding R25 million were submitted for registration to the B-BBEE Commission since 2017 to date, although it noted that parties often neglect to submit them within 15-days of conclusion, as per requirements of the B-BBEE Act. It is of the…
The Broad-Based Black Economic Empowerment (B-BBEE) Commission will host a webinar session on 29 September 2020 at 10h00 with practitioners that are involved in advising, negotiating or drafting of governing documents for B-BBEE ownership deals and structures for alignment with the B-BBEE Act. Panellists will share their experiences and keys compliance and governance issues emerging.…
MEDIA RELEASE DATE: 6 AUGUST 2020 The Commissioner of the Broad-Based Black Economic Empowerment (B-BBEE) Commission, Ms Zodwa Ntuli said the acquisition of black ownership and method of funding are critical in transforming the economy and making sure that black owners have voting rights in their acquisitions. Ms Ntuli was addressing the participants on…
MEDIA RELEASE DATE: 4 AUGUST 2020 The B-BBEE Commission has published the 2nd Major B-BBEE Transactions Analysis Report for 2018/19 transactions based on the 95 ownership deals filed for registration, 70 of which were subsequently registered with 25 rejected due to failure to comply with the registration requirements. Therefore, the B-BBEE Commission will host…
MEDIA RELEASE DATE: 29 JULY 2020 The B-BBEE Commission hosted a Webinar session on the National Status and Trends on B-BBEE Report, Wednesday 29 July 2020. Ms Zodwa Ntuli, the B-BBEE Commissioner of the B-BBEE Commission highlighted that economic transformation remains too stagnant to create an inclusive economy, making the attainment of Vision 2030…
MEDIA RELEASE DATE: 28 JULY 2020 The B-BBEE Commission has today released the report on the National Status and Trends on broad-based economic empowerment (B-BBEE) for the calendar year 2019, which report shows a 1% (43%: 2018 – 42%: 2019) decrease in the number of submitted compliance reports by JSE listed entities and 5%…
The B-BBEE Commission is aware of the impact of COVID-19 on some aspect of B-BBEE, and thus we wish to provide the following clarification with regard to B-BBEE Please feel free to contact us on the contact details below for queries: B-BBEE Commission Private Bag X84 Pretoria 0001 Telephone: +27 82 903…
NOTICE TO ALL STAKEHOLDERS AND CLIENTS CANCELLATION OF FACE-TO-FACE MEETINGS AND EDUCATION AND AWARENESS SESSIONS As you are aware, the President has announced measures in light of COVID-19 to contain the effect and prevent the spread in the country, and it is our responsibility as public and private entities to mitigate the impact of…
