The FSCA announced a memorandum of understanding with the Department of Trade, Industry, and Competition’s B-BBEE Commission last week which, while rather short on detail, does warn that the Commission “has been concerned about the unacceptable level of submission of...
“There is no basis to say we are doing away with BEE.” says finance minister Enoch Godongwana A lot of news has been circulating concerning BEE following the release of the Government Gazette 47452 on 4 November 2022. This document is an amendment to the...
The Department of Labour recently released their annual report covering progress in their strategic objectives and providing highlights from the previous twelve months. It also details the workforce demographic distribution of the Economically Active Population (EAP)...
B-BBEE President Ramaphosa appoints new B-BBEE Advisory Council to aid in economic transformation Sanjay Kassen, Zoë Wein and Lungelo Mkhize The council has an opportunity to play a crucial role in the long-term recovery, reconstruction and the meaningful...
On the 16th of February, after some 4 years of litigation, the South African Constitutional Court made a landmark ruling that will prevent BEE pre-qualification criteria from being applied by government and state-owned entities in their procurement of goods and...
A recent ruling by the B-BBEE commissioner has brought into sharp focus the misunderstanding with regards to the legitimate beneficiaries of B-BBEE....
