MoU – B-BBEE Commissioner and CIPC

The B-BBEE Commission and the Companies Commission have signed a memorandum of understanding regarding the sharing of information specifically relating to fronting and unlawful corporate activities. The MoU is in full force and effect with its focus on fronting practices, the relationship between corruption, derailment of economic transformation, lack of protection to minority rights, lack of access to company information, fraudulent attainment of high level B-BBEE status and flouting of corporate governance.

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