XXXIV, No 16, 22/08/2016

South Africa: ‘B-BBEE’ fronting practices have become the norm

Over the last year South Africa has completely overhauled its broad-based black economic empowerment (“B-BBEE”) policies. The most significant changes include the criminalisation of fronting practices, the establishment of the B-BBEE Commission, and the promulgation of the new B-BBEE regulations which came into force on June 6th, 2016.