B-BBEE Commission to host a women empowerment conference for awareness on women opportunities and call for companies to increase representation of black women on boards and ownership structures

MEDIA RELEASE   DATE: 16 AUGUST 2018   The B-BBEE Commission will host its first Women Empowerment Conference, with the theme Advancing Women Economic Empowerment through the B-BBEE Act, on 24 August 2018 at Velmore Hotel, Erasmia, Pretoria in Gauteng, from 08:00-14:00, which will be addressed by the Minister of Trade and Industry, Dr Rob…

B-BBEE Commission calls for Government and Private Sector to increase number of women on boards and procurement spend from 30% black women owned businesses

MEDIA RELEASE  DATE: 02 AUGUST 2018   The report produced by the Broad-Based Black Economic Empowerment Commission (“B-BBEE Commission”) on the national status and trends on broad-based black economic transformation for 2017 calendar year shows that JSE listed companies have only 38% representation by black people on their boards, with males accounting for 20% while…

B-BBEE Commission makes findings against BEE Matrix SA (Pty) Ltd for non-compliance in issuing B-BBEE verification certificates

MEDIA RELEASE DATE: 13 JULY 2018   The B-BBEE Commission has found that BEE Matrix SA (Pty) Ltd issued B-BBEE certificates contrary to verification procedures and Codes of Good Practice, and BEE Matrix SA (Pty) Ltd has agreed to implement remedial recommendations made by the B-BBEE Commission, which include a full audit of B-BBEE certificates…

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…