B-BBEE Commission confirms receipt of a Complaint received from Mr Dean Mecpherson of the Democratic Alliance against Eskom, BEE Matrix, Tegeta, Optimum and Trillian

MEDIA RELEASE DATE: 05 MARCH 2018 B-BBEE COMMISSION CONFIRMS RECEIPT OF A COMPLAINT RECEIVED FROM  MR DEAN MECPHERSON OF THE DEMOCRATIC ALLIANCE AGAINST ESKOM, BEE MATRIX, TEGETA, OPTIMUM AND TRILLIAN The B-BBEE Commission has today received a complaint through the prescribed process from Mr Dean MacPherson of the Democratic Alliance against Tegeta Exploration and Resources…

Sab&T BEE Services (Pty) Ltd and Ms Shameema Ismail Have issued a Public Apology following Findings of Non-Compliance By The B-BBEE Commission

MEDIA RELEASE DATE: 23 JANUARY 2018 The Broad-Based Black Economic Empowerment (B-BBEE) Commission has issued final findings against SAB&T BEE Services (Pty) Ltd and Ms Shameema Ismail for conduct that is improper, contrary to ethical conduct expected from a verification professional/agent, the standards applicable to verification and the objectives of the B-BBEE Act, and may…

Hundred and Forty-Eight (148) Major B-BBEE Transactions Submitted to the B-BBEE Commission

As at 25 August 2017, the Broad-Based Black Economic Empowerment (B-BBEE) Commission has received hundred and forty eight (148) major B-BBEE transactions in line with the requirement of the B-BBEE Act, and is currently in the process of assessing them for compliance with the B-BBEE Act. The B-BBEE Commission has ninety (90) days to consider…

B-BBEE Commission Initiates Investigations into Possible Fronting Practices and Non-Compliance with B-BBEE ACT

The Broad-Based Black Economic Empowerment (B-BBEE) Commission has initiated investigations against specific entities for possible violation of the B-BBEE Act relating to the B-BBEE ownership structures and non-compliance with the Codes of Good Practice in respect of the verification process. All entities were notified, and if there are adverse findings against them, they will be…

B-BBEE Commission Welcomes The Threshold To Register Major B-BBEE Transactions and Lists Documents Needed

The Broad-Based Black Economic Empowerment Commission (“B-BBEE Commission”) welcomes the threshold of R25 million transaction value for major B-BBEE transactions to qualify for registration with the B-BBEE Commission as issued by the Minister of Trade and Industry on 09 June 2017 in the Government Gazette. So, from 09 June 2017 all major B-BBEE transactions must…

B-BBEE Commission Should Take Action Against Non-Compliant Companies – Minister Davies

The Minister of Trade and Industry, Dr Rob Davies says the Broad-Based Economic Empowerment (B-BBEE) Commission should take action against companies that are found to not be complying with the B-BBEE requirements for transformation. Minister Davies was speaking at the breakfast session held by the B-BBEE Commission on the national state of transformation, in Midrand,…