Tag Archive | B-BBEE Commission

Commission receives over 100 B-BBEE major transactions

Over 100 major Broad-Based Black Economic Empowerment (B-BBEE) transactions have been received by the B-BBEE Commission, which is currently assessing them. “As at 25 August 2017, the B-BBEE Commission has received 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 […]

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Minister Davies gazettes threshold for major B-BBEE transactions

The Minister Trade and Industry, Dr Rob Davies has gazetted the Threshold for Major B-BBEE Transactions which must be submitted to the Broad-Based Black Economic Empowerment (B-BBEE) Commission in terms of Section 13F (1) (f) of the Broad-Based Black Economic Empowerment Act 53 of 2003 as Amended by Act 46 of 2013 as well as […]

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Davies urges strong action against non B-BBEE compliant companies

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, […]

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B-BBEE Commission reports on state of transformation

The Broad Based Black Economic Empowerment (B-BBEE) Commission will host a breakfast session in Midrand on Friday 24th March 2017. The B-BBEE Commissionwas established in terms of section 13B of the amended B-BBEE Act as an entity within the administration of the Department of Trade and Industry (the dti). The session is aimed at presenting […]

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Lack of government entities’ cooperation hindering transformation – B-BBEE Commission

“It is extremely difficult to find a place for the so-called ‘once empowered always empowered’ in the situation where 20 years after the adoption of the Constitution of South Africa, so much disparity and economic divide exists; these were the Broad-Based Black Economic Empowerment (B-BBEE) Commission acting commissioner, Ms Zodwa Ntuli’s sentiments. Further, this occurs […]

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Potential BEE shareholders advised to read the fine print

Shareholders should familiarise themselves with company documentation before they sign into ownership of companies as Broad-Based Black Empowerment (B-BBEE) partners. This was highlighted by the Director responsible for Compliance at the B-BBEE Commission, Ms Busisiwe Ngwenya. She was speaking at the B-BBEE workshop held in Mayville on Friday the 30th of October 2016. The workshop […]

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