MEDIA RELEASE DATE: 11 JULY 2019 The investigation by the B-BBEE Commission (Commission) initiated in 2017 against MTN Group Limited (“MTN”) has found the MTN Zakhele-Futhi Scheme that was announced by MTN on 12 September 2016 to be contrary to the objectives of the B-BBEE Act on the basis of a number of restrictions…
MEDIA RELEASE DATE: 3 JULY 2019 The B-BBEE Commission has released the annual report on the national status and trends of broad-based economic empowerment for the calendar year 2018 as required by the B-BBEE Act, which report shows that only 43% of the JSE listed entities and 10% of the organs of state…
Media Release 26 June 2019 The Executive Manager for Compliance at the Broad-Based Black Economic Empowerment (B-BBEE) Commission, Ms Busisiwe Ngwenya says one of the factors contributing to the slow pace of economic transformation is fronting. Ngwenya was addressing more than 750 delegates at the BEE provincial conference in East London. The purpose…
MEDIA RELEASE DATE: 12 JUNE 2019 The B-BBEE Commission has found that Eskom Holdings SOC Limited failed to comply with section 10 (1) (b) of the B-BBEE Act when it awarded the tender (RFQ CORP 3571) for Duvha Power Station to a Chinese owned entity that did not meet the B-BBEE requirements, and has…
The Broad-Based Black Economic Empowerment (B-BBEE) Commission will embark on a series of provincial conferences to educate, create awareness, and showcase services from various government entities that are tailor made to assist businesses, especially Small, Medium and Micro Enterprises (SMMEs) and previously disadvantaged individuals to participate meaningfully in the South African economy. The provincial…
The Broad Based Black Economic Empowerment Advisory Council met on Friday 12 April 2019 at the dti Campus in Sunnyside, Pretoria, Tshwane. The meeting was chaired by Minister of Trade and Industry Rob Davies on behalf of the President. The B-BBEE Advisory Council is a body appointed by the President in terms of the B-BBEE…
The Minister of Trade and Industry, Dr Rob Davies says the more black people are able to exercise true business ownership powers, the more economic transformation will take hold in South Africa. Minister Davies was speaking at the Broad-Based Black Economic Empowerment Commission’s (B-BBEE Commission) annual conference, at Emperors Palace in Ekurhuleni. The B-BBEE Commission…
MEDIA RELEASE DATE: 16 AUGUST 2018 The B-BBEE Commission will host its first Women Empowerment Conference, with the theme Advancing Women Economic Empowerment through the B-BBEE Act, on 24 August 2018 at Velmore Hotel, Erasmia, Pretoria in Gauteng, from 08:00-14:00, which will be addressed by the Minister of Trade and Industry, Dr Rob…
