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 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…
MEDIA RELEASE DATE: 02 AUGUST 2018 The report produced by the Broad-Based Black Economic Empowerment Commission (“B-BBEE Commission”) on the national status and trends on broad-based black economic transformation for 2017 calendar year shows that JSE listed companies have only 38% representation by black people on their boards, with males accounting for 20% while…
MEDIA RELEASE DATE: 13 JULY 2018 The B-BBEE Commission has found that BEE Matrix SA (Pty) Ltd issued B-BBEE certificates contrary to verification procedures and Codes of Good Practice, and BEE Matrix SA (Pty) Ltd has agreed to implement remedial recommendations made by the B-BBEE Commission, which include a full audit of B-BBEE certificates…
MEDIA RELEASE DATE: 05 JULY 2018 The B-BBEE Commission advises entities and organs of state to reject B-BBEE certificates that have been issued by verification agencies or professionals who are not accredited by South African National Accreditation Systems (“SANAS”) as such B-BBEE certificates are invalid for lack of authority and mandate to issue them. A…
MEDIA RELEASE DATE: 23 JANUARY 2018 The Broad-Based Black Economic Empowerment (B-BBEE) Commission has issued final findings against SAB&T BEE Services (Pty) Ltd and Ms Shameema Ismail for conduct that is improper, contrary to ethical conduct expected from a verification professional/agent, the standards applicable to verification and the objectives of the B-BBEE Act, and may…
