Fronting a major hurdle in economic transformation, says B-BBEE Commission
26 June 2019 - 18:21
Fronting remains a major factor contributing to the slow pace of economic transformation in SA, the Broad-Based BEE (B-BBEE) Commission says.
The commission, which monitors the B-BBEE Empowerment Act’s progress and compliance, says a major form of non-compliance is fronting, or the introduction of spurious schemes that purport to introduce black shareholders — sometimes a domestic worker — without assigning any benefits to them...
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