Again the Gupta’s

The B-BBEE Commission found that Gupta-aligned companies used fraudulent BEE certificates to secure contracts and payments from State-owned enterprise Eskom. The commission found that the claimed level of black shareholding in Optimum was never verified, that Trillian had no black shareholding and that Tegeta had received payments from Eskom of more than R100-million but was […]

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Micro-enterprises to get a boost from changes to procurement rules

Click here for the original article by: Moneyweb Current regulation impeding the implementation of projects – Department of Public Works. Roy Cokayne  /  11 October 2019 00:06    It has been recommended that the 30% sub-contracting regulation be a condition of tender, which is likely to affect the activities of the so-called construction mafia. Government is […]

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B-BBEE amendments to aid higher education access

Click here for the original post by: Engineering News The new Broad-Based Black Economic Empowerment (BBBEE) code amendments that are coming into effect in December, should help to resolve the issue of access to higher education in South Africa, says online student crowdfunding platform Feenix. The amendments were published in May, and will require that […]

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We will not abandon B-BBEE – President Cyril Ramaphosa

This article was sourced from Fin24 Jul 18 2019 20:17, Khulekani Magubane, Fin24 President Cyril Ramaphosa told Members of Parliament on Thursday that government would not scrap the broad-based black economic empowerment, although he acknowledged that the policy had been slow in achieving the economic transformation it was intended to. Ramaphosa was replying to the […]

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B-BBEE Commission finds MTN Zakhele-Futhi Scheme inconsistent with the objectives of the B-BBEE Act

This article was sourced from – B-BBEE Commission MEDIA RELEASE DATE: 11 JULY 2019  The investigation by the B-BBEE Commission (Commission) initiated in 2017 against MTN Group Limited (“MTN”) has found the MTN Zakhele-Futhi Scheme that was announced by MTN on 12 September 2016 to be contrary to the objectives of the B-BBEE Act on […]

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Time to rethink BEE – Minister Ebrahim Patel

Time to rethink BEE — Ebrahim Patel The new trade & industry minister says to be effective, the next phase of broad-based black economic empowerment should benefit ordinary workers 04 July 2019 – 19:53 Bekezela Phakathi Trade & industry minister Ebrahim Patel conceded on Thursday that black economic empowerment laws in their current form need […]

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Fronting

BEE fronting becoming more sophisticated, holding back transformation – commission Click here for the original post by fin24. Jun 27 2019 05:00 | Compiled by Carin Smith “Fronting is contributing to the slow pace of economic transformation, according to the executive manager for compliance at the Broad-Based Black Economic Empowerment (B-BBEE) Commission, Busisiwe Ngwenya. According […]

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Eskom found guilty of awarding tender to Chinese company with 0% Black ownership

Link to the original article on EWN’s website. The Commission released its findings saying it investigated after receiving an anonymous complaint alleging that the tender process did not comply with the requirements. Nthakoana Ngatane  JOHANNESBURG – The Broad-Based Black Economic Empowerment (B-BBEE) Commission said on Wednesday Eskom was guilty of awarding a tender for boilers at the Duvha power […]

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Changes to Amended COGP – Gazette 42496

Government Gazette 42496 was published on 31 May 2019 and contains many notices and legislative changes that are not in force from 31st May but become effective from 1 December 2019. This means that Measured Entities can choose to use them now or can delay using them until 30th November 2019 at the latest. This […]

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Y.E.S. initiative

YES B-BBEE Benefits Gain up to two levels on your B-BBEE scorecard by investing in one-year work opportunities for South African youth! The Youth Employment Service (YES) officially opened for registration in November 2018. This fact sheet outlines the B-BBEE benefits and process considerations to build youth employability. How to level up with YES Targets

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