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