The FSCA and B-BBEE Commission enter into a Memorandum of Understanding to Advance Transformation in the Financial Sector

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The Financial Sector Conduct Authority (FSCA) and the Broad-Based Black Economic Empowerment Commission (B-BBEE Commission) today entered into a Memorandum of Understanding (MoU). The MoU supports strengthened cooperation and collaboration between the FSCA and the B-BBEE Commission, in the interests of promoting transformation of the Financial Sector and advancing transformation of the South African economy.…

B-BBEE Commission’s dialogue with SA youth on Enterprise and Supplier Development opportunities

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MEDIA RELEASE To: All Media Attention: News Editors For immediate Release DATE: 29 JUNE 2023   B-BBEE Commission’s dialogue with SA youth on Enterprise and Supplier Development opportunities   The Broad-Based Black Economic Empowerment (B-BBEE) Commission, in collaboration with Government Communication and Information System (GCIS), on Wednesday hosted a dialogue with youth formations and Department…

B-BBEE Commission research survey puts a spotlight on the gains and challenges on implementing Enterprise and Supplier Development Programmes

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MEDIA RELEASE DATE: 03 FEBRUARY 2023 B-BBEE Commission research survey puts a spotlight on the gains and challenges on implementing Enterprise and Supplier Development Programmes The B-BBEE Commission has released a research report on how Enterprise and Supplier Development (ESD) funds can be implemented effectively for purposes of promoting the development and growth of black-owned…

The 2022 PPPFA regulations have not exempted organs of state and public entities from implementing B-BBEE as part of the preferential procurement

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MEDIA RELEASE DATE:  09 NOVEMBER 2022 THE 2022 PPPFA REGULATIONS HAVE NOT EXEMPTED ORGANS OF STATE AND PUBLIC ENTITIES FROM IMPLEMENTING B-BBEE AS PART OF PREFERENTIAL PROCUREMENT    The B-BBEE Commission has noted the newly issued PPPFA Regulations of 2022, and confirms that the Regulations have not removed the obligation for organs of state and…

African Tuna Traders CC in Violation of the B-BBEE Act by Using Black Employees as Shareholders to obtain Fishing Rights

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MEDIA RELEASE DATE: 25 November 2020   The B-BBEE Commission has found African Tuna Traders CC, Umbhalo Trading (Pty) Ltd and Homotsego Trading (Pty) Ltd to have contravened the B-BBEE Act and has since referred the findings to the Department of Agriculture, Forestry & Fisheries for consideration. This is after an investigation revealed that credentials…

B-BBEE Commission host session to update on scourge of fronting and misrepresentation of B-BBEE status

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MEDIA RELEASE DATE: 19 October 2020   The B-BBEE Commission is hosting a webinar session to share with the public the investigation and enforcement cases received since its establishment in 2016, which include fronting, misrepresentation of B-BBEE status and falsification of B-BBEE certificates. The session is scheduled for 20 October 2020 at 10:00, with the…

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

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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

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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

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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…