A report drawn up by the BBBEE commission, appointed in May last year to probe allegations of fronting, has not yet been released. Meanwhile, governance procedures have been strengthened Uncertainty continues over the use of broad-based and employee share ownership schemes after the BBBEE commission earlier this year ordered a consultancy to halt seminars the consultancy was holding over concern it might advise firms on how to front.Trade & industry minister Rob Davies has yet to release the findings of a task team he set up in May last year, when new codes took effect, to investigate the use of such schemes, which are commonly employed by companies to gain BEE ownership points.The task team submitted a report to the minister in January. Davies has also not made any announcement about the findings.His spokesman, Sidwell Medupe, says the findings will be published "in due course". He says the department will not alter the principles in the BEE codes, only clarify issues.In September ...
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