Fronting defeats the purpose to empower

2016-06-30 06:00

Fronting B-BBEE transactions tops the list of the number of reported cases and complaints received so far by the Broad-Based Black Economic Empowerment (B-BBEE) Commission.

The second most reported cases and complaints related to fraudulent verification certificates, acting commissioner for the B-BBEE Commission, Zodwa Ntuli said at a seminar on Tuesday.

The seminar, which was attended by more than 200 B-BBEE practitioners, including verification agents, consultants and advisers, was meant to engage practitioners on matters affecting B-BBEE legislation. According to Ntuli the total number of complaints since the establishment of the commission last year demonstrates challenges where legislation is not properly implemented. She further mentioned that the verification process is a critical part of concerns raised during stakeholder engagements as SA currently cannot confidently rely on the certificates issued.

Ntuli added that there are indications that some agents award points to companies without even verifying if indeed the status is correct.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

Inside News24

 
PARTNER CONTENT
INFOGRAPHIC: New thinking required for retirement

Everything we believe about retirement is fast becoming outdated.

PARTNER CONTENT
WATCH: How education can change a life

A university education gives students the chance to create a better future for themselves, their families and to opportunity achieve their dreams.

/News

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.