https://www.polity.org.za
Deepening Democracy through Access to Information
Home / News / All News RSS ← Back
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Embed Video

1

BBBEE Amendment Bill to be tabled in Parliament next month

3rd April 2012

By: Natasha Odendaal
Creamer Media Senior Deputy Editor

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

The Broad-Based Black Economic Empowerment (BBBEE) Amendment Bill was expected to be tabled in Parliament in May, said Trade and Industry Minister Dr Rob Davies on Tuesday.

However, a number of tweaks were still required to ensure that BEE would be implemented the way in which it was intended.

Advertisement

Speaking at a media briefing in Pretoria, Davies said the proposed BBBEE amendments, which were published for public comment in December 2011, generated overwhelming support from the public, particularly provisions aimed at eliminating aspects of fronting.

Fronting has been considered one of the most pressing issues for the act. It involves the misrepresentation of a company's BBBEE status. Some challenges included passive investors, or companies naming an individual a senior manager, for example, but not allowing that person to take on the responsibilities of the role.

Advertisement

Further, this practice of fronting disabled the attempts of industry to skill-up and train employees to the benefit of the economy.

The changes to the bill were aimed at ensuring historically disadvantaged individuals would be able to legitimately participate in the economy.

The bill also aimed to align the sector charters or overlapping legislation in the Act to the Codes of Good Conduct.

Davies hoped that the legislative process would be complete by the end of 2012.
 

EMAIL THIS ARTICLE      SAVE THIS ARTICLE      FEEDBACK

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here


About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Email Registration Success

Thank you, you have successfully subscribed to one or more of Creamer Media’s email newsletters. You should start receiving the email newsletters in due course.

Our email newsletters may land in your junk or spam folder. To prevent this, kindly add newsletters@creamermedia.co.za to your address book or safe sender list. If you experience any issues with the receipt of our email newsletters, please email subscriptions@creamermedia.co.za