DUMA GQUBULE: Weak BEE rules underpin fake ownership statistics

DUMA GQUBULE: Weak BEE rules underpin fake ownership statistics

2021-05-16 11:05:00 PM

DUMA GQUBULE: Weak BEE rules underpin fake ownership statistics

A huge discrepancy marks figures on certificates and actual ownership disclosed in annual reports

16 May 2021 - 16:25Duma GqubuleReporting on the ownership element of broad-based BEE (B-BBEE) has lost all credibility. This is due to political compromises made by the department of trade, industry & competition during the development of the BEE Codes of Good Practice of 2007 and 2013, as well as sectoral empowerment charters.

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