THE PROPOSED AMENDMENTS TO THE B-BBEE ACT & HOW THEY MAY AFFECT EMPOWERMENT TRANSACTIONS

2012-08-27

SUSTAINABLE EMPOWERMENT INVESTMENT 2012

Sipho Zikode from The Department of Trade & Industry presented on the proposed amendments to the B-BBEE Act which would focus on the following:

alleviating fronting of broad based black economic empowerment transactions by empowering a special investigations unit to investigate instances of fraud and corruption, and
regulation within the BEE industry in order to ensure that there is some accountability with regards BEE ratings agencies.

The Department of Trade & Industry is currently engaging at cabinet level for approval of these proposed amendments where the minister will issue a code of good practice for a 60 day public commentary period.

Click on below link to view Sustainable Empowerment Investment Newsletter
THE PROPOSED AMENDMENTS TO THE B-BBEE ACT - 0.3 Mb

Empowerment Investment Breakfast in July 2012