Invitation to the Annual B-BBEE Commission Conference on Improving State Procurement for Real Economic Empowerment
Hundred and Forty-Eight (148) Major B-BBEE Transactions Submitted to the B-BBEE Commission
As at 25 August 2017, the Broad-Based Black Economic Empowerment (B-BBEE) Commission has received hundred and forty eight (148) major B-BBEE transactions in line with the requirement of the B-BBEE Act, and is currently in the process of assessing them for compliance with the B-BBEE Act. The B-BBEE Commission has ninety (90) days to consider…
B-BBEE Commission Welcomes The Threshold To Register Major B-BBEE Transactions and Lists Documents Needed
The Broad-Based Black Economic Empowerment Commission (“B-BBEE Commission”) welcomes the threshold of R25 million transaction value for major B-BBEE transactions to qualify for registration with the B-BBEE Commission as issued by the Minister of Trade and Industry on 09 June 2017 in the Government Gazette. So, from 09 June 2017 all major B-BBEE transactions must…
B-BBEE Commission Should Take Action Against Non-Compliant Companies – Minister Davies
The Minister of Trade and Industry, Dr Rob Davies says the Broad-Based Economic Empowerment (B-BBEE) Commission should take action against companies that are found to not be complying with the B-BBEE requirements for transformation. Minister Davies was speaking at the breakfast session held by the B-BBEE Commission on the national state of transformation, in Midrand,…
Minister Rob Davies Extends the Empowering Supplier Status
The Minister of Trade and Industry, Dr Rob Davies has extended the automatic recognition of the Empowering Supplier Status to all entities within South Africa until further determination. This extension is in line with Paragraph 1(d) of Notice 444 of 2015 Government Gazette Number 38799 issued on 15 May 2015. The notices states that all…
B-BBEE Commission Road-Show Empowering Society
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…