Broad-based BEE: Caxton wants court backing
Printing and publishing giant challenges rival Novus, casting doubt on its rapid increase from a level 4 rating to level 1
It’s an unprecedented move that is set to shake up the controversial world of black empowerment verifications. Printing and publishing group Caxton has asked the Cape high court to prevent manufacturing and printing group Novus from using the level 1 broad-based BEE (BBBEE) certificate it was awarded by Express Verification Services (EVS) on May 16.
The improved BBBEE rating — to the highest level possible — gives Novus a significant advantage over Caxton when competing for clients in a tough market...