The commission that monitors compliance with empowerment legislation on Tuesday said it had received 499 empowerment deals in the past three years.

The B-BBEE Act, which aims to increase black participation in the economy and redress the legacy of apartheid,   provides for the establishment of the commission to monitor and promote adherence to empowerment legislation. It is compulsory for all broad-based BEE ownership transactions over R25m to be registered with it.

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