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April 1, 2011
Fronting stings BEE: Zuma
"Fronting" and tender abuse is an "unintended consequence" of an overemphasis on diversity of ownership and senior management in implementing broad based black economic empowerment (BBBEE), President Jacob Zuma said on Friday.
"The unintended consequence of this over-emphasis is fronting and tender abuse. We are happy that the Council spoke out so strongly against fronting which is one of the major obstacles to the implementation of BBBEE. Fronting is an insult to the dignity of the poor and we have to act decisively against it.
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Posted by StaffWriter at April 1, 2011 10:15 AM