HR Pulse

Profile

Layout

Direction

Menu Style

Cpanel

Is this the end for BBB-EE legislation as we know it?

Last Friday, public hearings on amendments to broad-based black economic empowerment (BBB-EE) legislation took place. And some very radical changes were called for…

Business Day reports that the Commission for Employment Equity and the Black Business Council called for the following changes during the hearings on Friday:

  • The practice of “fronting”, i.e., where business owners bring in black partners to get higher BBB-EE rankings for the company, to be classified as a criminal offence;
  • All sectoral charters and codes to be scrapped; and
  • A BBB-EE commission to be established.

"All the sectors with gazetted sector codes are today no better transformed than the sectors without sector codes — in certain instances transformation is actually reversed. Sector charters and codes lower standards in that for an industry standard to be agreed it becomes natural to opt for the lowest common denominator,” said Black Business Council CEO, Xolani Qubeka.



BLOG COMMENTS POWERED BY DISQUS