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.


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