Most companies failing to comply with BEE laws, commission says
The latest report shows a slight change in the levels of transformation with the overall black ownership reflecting an increase from 25% in 2018 to 29%
The latest report shows a slight change in the levels of transformation with the overall black ownership reflecting an increase from 25% in 2018 to 29%
By Frontier Africa Reports
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July 29, 2020 at 10:04 AM GMT+1
The commission that monitors compliance with empowerment legislation says it is concerned by the overall slow pace of economic transformation in the country.
On Tuesday, the Broad-Based BEE (BBBEE) Commission released its report on the national status and trends on broad-based economic empowerment for 2019 which showed a decrease in the number of submitted compliance reports by JSE-listed entities, from 43% in 2018 to 42% the year after.