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November 25, 2011
Government plans tough new rules to combat BEE 'fronting'
Penalties for fronting will include 10% of annual turnover for companies and a fine or imprisonment of up to 10 years for individuals
CAPE TOWN -- Long-awaited amendments to the Broad-Based Black Economic Empowerment (BBBEE) Act will for the first time introduce penalties for fronting -- 10% of annual turnover for companies and a fine or imprisonment of up to 10 years for individuals.
Posted by StaffWriter at November 25, 2011 9:52 AM