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BBBEE fronting probed

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Zodwa Ntuli
Zodwa Ntuli

The vast majority of complaints that the Broad-Based Black Economic Empowerment (BBBEE) Commission has received since October last year concern fronting, acting commissioner Zodwa Ntuli said this week during the Gambling Indaba in Johannesburg.

Ntuli said that, out of 134 objections received by the commission, 112 – 84% – were about fronting.

“Fronting has become an entrenched practice,” she added, and went to define it as “a transaction that undermines the implementation of any provisions for black people, with the result that economic benefits do not flow to black people and terms are not negotiated at arm’s length [a deal ensuring that both parties are acting in their own self-interest and are not subject to any pressure or duress from the other party]”.

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