Government and other entities are advised to reject B-BBEE Certificates issued by Verification Agencies that are not accredited by SANAS

MEDIA RELEASE DATE: 05 JULY 2018 The B-BBEE Commission advises entities and organs of state to reject B-BBEE certificates that have been issued by verification agencies or professionals who are not accredited by South African National Accreditation Systems (“SANAS”) as such B-BBEE certificates are invalid for lack of authority and mandate to issue them. A…

Sab&T BEE Services (Pty) Ltd and Ms Shameema Ismail Have issued a Public Apology following Findings of Non-Compliance By The B-BBEE Commission

MEDIA RELEASE DATE: 23 JANUARY 2018 The Broad-Based Black Economic Empowerment (B-BBEE) Commission has issued final findings against SAB&T BEE Services (Pty) Ltd and Ms Shameema Ismail for conduct that is improper, contrary to ethical conduct expected from a verification professional/agent, the standards applicable to verification and the objectives of the B-BBEE Act, and may…

Hundred and Forty-Eight (148) Major B-BBEE Transactions Submitted to the B-BBEE Commission

As at 25 August 2017, the Broad-Based Black Economic Empowerment (B-BBEE) Commission has received hundred and forty eight (148) major B-BBEE transactions in line with the requirement of the B-BBEE Act, and is currently in the process of assessing them for compliance with the B-BBEE Act. The B-BBEE Commission has ninety (90) days to consider…

ABP called to retract misleading statement regarding its Accreditation as an Economic Empowerment Professional

The B-BBEE Commission has instructed the Association of B-BBEE Professionals (ABP) to publicly retract the statement it issued suggesting that it is a regulatory body for verification professionals in South Africa, which is misleading and untrue. The statement was carried in various media published on 13 September 2016. The Minister of Trade and Industry, Dr…

Accelerating the Work of the B-BBEE Commission is of Imperative Priority

The Acting Commissioner of the Broad-Based Black Economic Empowerment (B-BBEE) Commission, Ms Zodwa Ntuli says that an effective Commission is important for the pace of transformation of our economy to be accelerated to achieve the objectives of the B-BBEE Act. Ms Ntuli was speaking at a business engagement session that took place in Johannesburg where…

Fronting Contributes to Slow Economic Transformation – Deputy Minister Masina

The Deputy Minister of Trade and Industry, Mr Mzwandile Masina says one of the factors contributing to the slow pace of economic transformation is fronting. Masina was speaking at the Broad–Based Black Economic Empowerment (B-BBEE) conference on fronting practices held in Midrand today. The conference was meant to provide the overview of the Broad–Based Black…

Integrity and Quality Needed in the B-BBEE Verification Process to Stop Fronting Practices.

The Acting Commissioner for the Broad-Based Black Economic Empowerment (B-BBEE) Commission, Ms Zodwa Ntuli says fronting B-BBEE transactions, followed by fraudulent verification certificates, leads in a number of reported cases and complaints they’ve received since the Commission was established last year. Ms Ntuli was speaking at the seminar for Verification Professional hosted today in Boksburg.…