The B-BBEE Commission will be hosting its annual conference on 01 April 2022 under the theme “Broad-Based Black Economic Empowerment, Quo Vadis?”. The 2022 Annual B-BBEE Conference will be officially opened by an address from the Deputy Minister of Trade, Industry and Competition, Ms. Nomalungelo Gina, and the keynote address will be made by…
MEDIA RELEASE DATE: 14 OCTOBER 2021 The B-BBEE Commission appeals to organs of state and public entities to enhance due diligence processes to detect and reject invalid B-BBEE claims made by entities during procurement, licensing, granting of economic incentives, sale of state assets or public private partnership processes to ensure compliance with the B-BBEE…
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…
MEDIA RELEASE DATE: 04 NOVEMBER 2020 The B-BBEE Commission has noted the ruling by the Supreme Court of Appeal that declared the PPPFA Regulations of 2017 invalid and confirms that the ruling has no effect on the B-BBEE Act, as amended, and its requirements. The B-BBEE Act permits organs of state or public entities…
MEDIA RELEASE 20 October 2020 The Deputy Minister of Trade, Industry and Competition, Ms Nomalungelo Gina has described fronting and misrepresentation of Broad-Based Black Economic Empowerment (B-BBEE) status by some South African companies as a demon that shatters the transformation agenda of the country. She addressed a webinar hosted by the B-BBEE Commission…
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…
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.…
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…
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…
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…