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November 30, 2010
Doubts cast over BBBEE procurement scores
Many South African organisations may have unknowingly distorted procurement's role in broad-based black economic empowerment (BBBEE) by purchasing from suppliers who have engaged in "fronting".
Minister of trade and industry Rob Davies admitted the technique, where organisations nominally promote or appoint black individuals into senior positions to achieve a better BBBEE rating, was "pretty rife".
Posted by StaffWriter at November 30, 2010 10:28 AM