The Director responsible for Compliance at the Broad-Based Black Economic Empowerment (B-BBEE) Commission, Ms Busisiwe Ngwenya says B-BBEE community education and participation is very key and crucial for those who are still establishing themselves as business people. Ngwenya was speaking at an information session hosted in Esikhawini, Kwazulu-Natal, today. The information session was intended to…
The B-BBEE Commission has instructed the Association of B-BBEE Professionals (ABP) to publicly retract the statement it issued suggesting that it is a regulatory body for verification professionals in South Africa, which is misleading and untrue. The statement was carried in various media published on 13 September 2016. The Minister of Trade and Industry, Dr…
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The national awareness campaign on the Broad–Based Black Economic Empowerment (B-BBEE) Amendment Act that the B-BBEE Commission is rolling out throughout the country is already proving to be an important tool in empowering various members of society with information and knowledge. This was expressed by the Director responsible for Compliance at the B-BBEE Commission, Ms…
The B-BBEE Commission resolved that the organisers of the Fronting Seminar with the title “FRONTING HAS A LEGAL ZONE. LET US SHOW YOU WHERE IT IS” planned for 26 October 2016 at the Centurion Lake Hotel in Gauteng, must cancel the seminar, and immediately refund all individuals that have registered for the seminar. After being…
The Acting Commissioner of the Broad-Based Black Economic Empowerment (B-BBEE) Commission, Ms Zodwa Ntuli says that an effective Commission is important for the pace of transformation of our economy to be accelerated to achieve the objectives of the B-BBEE Act. Ms Ntuli was speaking at a business engagement session that took place in Johannesburg where…
The Deputy Minister of Trade and Industry, Mr Mzwandile Masina says one of the factors contributing to the slow pace of economic transformation is fronting. Masina was speaking at the Broad–Based Black Economic Empowerment (B-BBEE) conference on fronting practices held in Midrand today. The conference was meant to provide the overview of the Broad–Based Black…
The Acting Commissioner for the Broad-Based Black Economic Empowerment (B-BBEE) Commission, Ms Zodwa Ntuli says fronting B-BBEE transactions, followed by fraudulent verification certificates, leads in a number of reported cases and complaints they’ve received since the Commission was established last year. Ms Ntuli was speaking at the seminar for Verification Professional hosted today in Boksburg.…
