Skip to content
Log In
B-BBEE Commission | Department of Trade & IndustryB-BBEE Commission | Department of Trade & Industry
B-BBEE Commission | Department of Trade & Industry
Department of Trade and Industry Broad-Based Black Economic Empowerment Commission
  • Home Page
  • About Us
    • Our Vision
    • Our Mission
    • Our Brand Promise
    • Our Values
    • Strategic Focus
    • Organisational Structure
  • Submit a Report
  • Lodge a Complaint
  • Legislation
    • B-BBEE Act 53 of 2003
    • B-BBEE Act 46 of 2013
    • Consolidated Version of the Act
    • Codes of Good Practice
    • Regulations
    • B-BBEE Forms
    • Notices
  • Publications
    • Newsletters
    • Annual Reports
    • Research Reports
    • Strategic Plan
    • Annual Performance Plan
    • Leniency Programme
    • Presentations
    • Brochures
    • Explanatory Notices
    • Guidelines
    • Findings
  • Media Room
    • Press Releases
    • Media Statements
    • Corporate Videos
    • Interviews & News Clips
  • FAQ’s
  • Contact Us
    • Contact Centre
    • Physical Address
    • Postal Address
    • Get Directions
    • Useful Links
 
  • Home Page
  • About Us
    • Our Vision
    • Our Mission
    • Our Brand Promise
    • Our Values
    • Strategic Focus
    • Organisational Structure
  • Submit a Report
  • Lodge a Complaint
  • Legislation
    • B-BBEE Act 53 of 2003
    • B-BBEE Act 46 of 2013
    • Consolidated Version of the Act
    • Codes of Good Practice
    • Regulations
    • B-BBEE Forms
    • Notices
  • Publications
    • Newsletters
    • Annual Reports
    • Research Reports
    • Strategic Plan
    • Annual Performance Plan
    • Leniency Programme
    • Presentations
    • Brochures
    • Explanatory Notices
    • Guidelines
    • Findings
  • Media Room
    • Press Releases
    • Media Statements
    • Corporate Videos
    • Interviews & News Clips
  • FAQ’s
  • Contact Us
    • Contact Centre
    • Physical Address
    • Postal Address
    • Get Directions
    • Useful Links
Print Friendly, PDF & Email

B-BBEE implementation is imperative to creating an inclusive economy

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 of the National Development Plan (NDP) impractical. She stated that submission of the compliance reports is compulsory for all organs of state, public entities, SETAs and JSE listed entities, and failure to adhere to section 13G reporting amounts to violation of the B-BBEE Act. After all compliance efforts have been applied to increase the compliance on a voluntary basis, it has not yielded any significant results, which calls for the enforcement through the legal process, she added.

 

Echoing, the sentiments expressed, Mr Andile Khumalo who is the Founder of Khumalo.Co, emphasised the importance of enforcing the penalties outlined in the B-BBEE Act.  He indicated that the role of the B-BBEE Commission as a regulator is to enforce compliance with the B-BBEE Act, and entities that do not submit their compliance report are simply ignoring the law. He strongly appealed to government not to grant any economic opportunities to entities that are not B-BBEE compliant as part of enforcing B-BBEE implementation.

 

Mr Andile Nomlala, the President of the Black Management Forum (BMF), agreed with government taking the lead on transformation. Mr Nomlala, indicated that as the BMF, they want government to increase funding that is geared towards the creation of black owned entities, as well as take advantage of the opportunity presented by COVID-19 to reset the economy, and to make B-BBEE compliance part of any government initiative, such as the Procurement Bill to improve the pace of transformation.

Speaking during the Webinar session, Mr Nomlala emphasised that B-BBEE implementation must not be regarded as corruption, as that distorts what the legislation seeks to achieve. As the President of BMF, Mr Nomlala indicated that corruption must be strongly dealt with including those who violate the B-BBEE Act, as well as willing participants who engage in an act of fronting.

 

The Chairperson of the Commission of Employment Equity, Ms Tabea Kabinde, also shared her observation that B-BBEE must not be a tick-box exercise, and that entities must see transformation beyond the scorecard, and link the transformation imperative to the broader economic policy geared towards, alleviating poverty, reducing the high levels of unemployment, as well as create value in the lives of the South African citizens.

 

“at the heart of reaching a state of equality, is increasing the number of black people within the management structures of entities, and this will have a positive impact on other aspects of the scorecard” said Kabinde.

 

Ms Ntuli, then added that the B-BBEE Commission will proceed to engage the other regulators to enforce the implementation of sections 10 (1) and 13G of the B-BBEE Act, which will include referral of non-compliant entities for prosecution through the National Prosecuting Authority. The B-BBEE Commission will also strengthen the engagement with the JSE to enhance submission of compliance reports as this is a listing requirement on the stock exchange, and the Auditor-General to tighten the reporting requirements for organs of state and public entities.

 

The report was released on 28 July 2020 and is available on www.bbbeecommission.co.za. Click on any of the links below to access the recording of the Webinar session:

 

https://us02web.zoom.us/rec/share/4cFwJeys92xIH4GQ9kzDC78DD6HaT6a8gShPqaFezh5RZ-KSuYgq8YhpJ64tl7M- Password: @M1V0SWa

OR

https://www.facebook.com/watch/?v=706020390248234

 

 

Enquiries:

Sidwell Medupe-Departmental Spokesperson
Tel: (012) 394 1650
Mobile: 079 492 1774
E-mail: MSMedupe@thedti.gov.za
Issued by: The Department of Trade, Industry and Competition
Follow us on Twitter: @the_dtic

Post navigation

PreviousPrevious post:B-BBEE Commission to hold a webinar on the report on Major B-BBEE TransactionsNextNext post:B-BBEE Commission releases Annual Report on National Status and Trends B-BBEE

Related Posts

CALL FOR ENTRIES – BLACK INDUSTRIALISTS AND EXPORTERS AWARDS
July 12, 2022
B-BBEE Annual Conference To Reflect On The 18 Years Of The B-BBEE Policy and Legislation
March 28, 2022
Invitation: Annual B-BBEE Conference 2022
March 28, 2022
Call for proposals: Improved and Effective Implementation of the Broad-Based Black Economic Empowerment Act
October 25, 2021
White people, Foreign nationals, Permanent residents, do not qualify for a benefit under the B-BBEE Act: It is illegal conduct
October 14, 2021
Vicky Adey Consulting CC Withdraws from Government panels and Surrenders for Cancellation its CIDB Grading for Misrepresentation of B-BBEE Status
September 20, 2021

Contact Us

  • Tel No: +27 (12) 394 1535
  • MRamare@beecommission.gov.za
  • 77 Meintjies st, Sunnyside, Pretoria
  • the dti campus, Block E, 2nd Floor
linkedin-logo-b-bbee-commission twitter-logo-b-bbee-commission

About Us

  • About the Commission
  • B-BBEE Advisory Council
  • Careers
  • Tenders
  • Upcoming Events

Legislation

  • Act 53 of 2003
  • Act 46 of 2013
  • Consolidated Version of the Act
  • Code of Good Practices
  • B-BBEE Regulations

Media Room

  • Press Releases
  • Media Statements
  • Corporate Videos
  • Interviews & News Clips
  • Photo Gallery
B-BBEE Commission | Department of Trade & Industry

© 2020 B-BBEE Commission. The B-BBEE Commission is a member of the Department of Trade, Industry and Competition. The B-BBEE Commission Logo and all content contained on this website is the intellectual property of the B-BBEE Commission, and should not be used without the permission of the B-BBEE Commission. All Rights Reserved. | Sitemap