Accounting firms get BEE charter

2011-05-05 08:40

Big accounting firms have to be 32.5% black owned by 2016, the black economic empowerment (BEE) charter for the profession stipulates.

Business Day newspaper reported today that the charter was signed recently by Trade and Industry Minister Rob Davies after seven years of negotiations, and will be gazetted and implemented next week.

Accounting firms with a yearly turnover of more than R35 million must be 32.5% black owned and managed by 2016.

This is higher than the equity targets of 25% in the government’s BEE codes of good practice.

Join the conversation! 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. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

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


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 network.


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.