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PODCAST | B-BBEE Commission releases 2019 empowerment trends report

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An interview with Safiyya Patel, Partner, Webber Wentzel, and Dr Ivor Blumenthal, CEO, ArkKonsult, discussing the Broad-Based Black Economic Empowerment (B-BBEE) Commission’s latest report on empowerment trends in 2019.

B-BBEE Commission releases 2019 empowerment trends report

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The Broad-Based Black Economic Empowerment (B-BBEE) Commission’s latest report on empowerment trends in 2019 shows an increase in black ownership, but this is not necessarily reflected in management control scores. The B-BBEE Commission has released the annual B-BBEE trends report for the 2019 calendar year.

Pressure as 2020 EE reports deadline looms

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Employment Equity (EE) report submissions are now open and will run from 01 September 2019 to 15 January 2020. Failure to comply will see fines ranging from 2 – 10% of a company’s turnover. This mandatory submission is relevant to all companies with a headcount of 50 employees or more and to those with an annual turnover above the required threshold (varies per industry).

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