182017Oct
Broad-based Black Economic Empowerment Commission announces investigations of Trusts used in B-BBEE ownership structures

Broad-based Black Economic Empowerment Commission announces investigations of Trusts used in B-BBEE ownership structures

On 7 August 2017, the B-BBEE Commission announced that it had initiated 17 investigations for possible contraventions of the Broad-Based Black Economic Empowerment Act (B-BBEE Act). Six cases deal with the use of trusts in B-BBEE ownership structures, 6 deal with B-BBEE verification agencies and 2 involve Government entities (Eskom and the South African Social…

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