B-BBEE NEWS: IN TRUSTS, WE DO NOT TRUST....

The B-BBEE Commission, the authority that monitors compliance with South Africa’s empowerment legislation has declared that most transactions involving broad-based BEE trusts are not compliant with the law as the trusts are not genuine and effective Black Ownership. The Black Economic Empowerment Commission has written to dozens of companies informing them of the need to rectify their ownership structure and undergo reverification of their BEE status or face investigation for fronting…… BEE Trusts in most instances benefit the people that set them up and the people that work for them i.e. White People. SHARE your stories below!! #transformation #murason #bbbee See link for more information: https://www.linkedin.com/posts/nelson-sebati-pr-ead-b-bbee-aaaa1516_transformation-murason-bbbee-activity-6527310327154040832-OiSY