B-BBEE ownership transactions promise to drive economic transformation if properly managed structured

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…

B-BBEE Commission hosts a webinar with practitioners on B-BBEE ownership structures

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.…

Acquisition of Black Ownership and Method of Funding are Critical in Transforming the Economy

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…

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…