03 Mar 2022

As a listed company, are you reporting to the BBBEE Commission?

by Erika Holmes, Partner, Durban,
Practice Area(s): Corporate & Commercial | B-BBEE |

Section 13G(2) of the BBBEE Act requires all listed companies a report on their compliance with broad-based black economic empowerment to the BBBEE Commission. 

The BBBEE Commission stated in an address to Parliament on 16 February 2022 that several listed entities were failing to comply with the obligations in this regard and that non-compliance notices had recently been issued to many of these companies.

To find out whether your entity is obliged to report in this manner and the process to do so, please contact Erika Holmes at holmes@wylie.co.za or 031 5757410.