B-BBEE Commission to hold a webinar on the report on Major B-BBEE Transactions

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…

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…

Extension of time for submission of Major B-BBEE Transactions / Compliance Reports and Filling of correspondence and documents to the B-BBEE Commission

Extension of time for submission of Major B-BBEE Transactions / Compliance Reports and Filling of correspondence and documents to the B-BBEE Commission   As you are aware, the President has announced the extension of the lockdown as part of the integrated measures to prevent and contain the spread of COVID-19 in the country, and it…

Notice to all stakeholders and clients: Cancellation of face-to-face meetings and education and awareness sessions.

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…

High Court dismissed urgent application made by RISC Technology Integration (Pty) Ltd to interdict the B-BBEE Commission from performing its functions

  MEDIA RELEASE DATE: 22 March 2020   The Broad Based Black Economic Empowerment Commission (Commission) welcomes the decision of the Gauteng Division of the High Court of South Africa (High Court) to dismiss with cost the urgent application by Risc Technology Integration (Pty) Ltd to interdict the B-BBEE Commission from implementing its decision and…

B-BBEE Commission finds First Garment Rental (Pty) Ltd not to have violated the B-BBEE Act

MEDIA RELEASE DATE: 17 MARCH 2020   The investigation by the B-BBEE Commission (Commission) which commenced in 2019 against First Garment Rental (Pty) Ltd t/a Montana Laundries (Garment Rental (Pty) Ltd,) a Bidvest subsidiary, has found that the company did not violate the B-BBEE Act. The investigation was prompted by a complaint lodged by Mr…

B-BBEE necessary for creating capacity within the broader economic landscape – MEC Dube-Ncube

Media Release 16 March 2020   The MEC for Economic Development, Tourism and Environmental Affairs in KwaZulu-Natal, Ms Nomusa Dube–Ncube says Broad-Based Black Economic Empowerment (B-BBEE) legislation places a meaningful participation of the majority of South African citizens as being necessary for the creation of capacity within the broader economic landscape. Dube–Ncube was speaking at…

B-BBEE implementation promotes sound corporate governance for the success of business

Media Release 23 February, 2020   One of the functions of the B-BBEE Commission is to promote sound corporate governance practices as such are key to the success and sustainability of small and medium-sized enterprises. This was said by the Senior Manager of Compliance at the Broad-Based Black Economic Empowerment Commission (B-BBEE), Ms Lindiwe Madonsela.…