The Broad-Based Black Economic Empowerment Amendment Bill (B-BBEE), which aims to align the B-BBEE Act with other legislation affecting black economic empowerment, has just been gazetted. According to BuaNews, the amendments also aim to establish a B-BBEE Commission that will set up an institutional environment for monitoring and evaluating black economic empowerment. According to minister of Trade and Industry, Rob Davies, the bill leaves no room for fronting as those convicted of this may be imprisoned for 10 years.
Stiff sentences for ‘fronting’
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