Tag: fronting

Zodwa Ntuli, B-BBEE Commissioner (Image: B-BBEE Commission)

FRONTING FORCES COMMISSIONER TO CONSIDER REVOKING LICENCES

Jimmy Swira

Statistics submitted to the Broad-Based Black Economic Empowerment (BBBEE) Commission are impressive, showing increase in black ownership in businesses. However, the impact of this trend is not felt on the ground where some of the supposedly black shareholders are not Read the full story

(Image: Supplied)

DIRECTORS SHOULD BE HELD PERSONALLY LIABLE FOR FOSTERING FRONTING

Jimmy Swira

By Dumisani Mpafa “A businessman, who earned a few hundred Rands a week, was a millionaire without knowing it as his employers allegedly used him as a “front” to win multi-million-rand government contracts”, screamed a headline in the Daily Dispatch Read the full story