Now that's a formal title but then this is a serious post. I was unlucky enough to sit in a presentation given by Ellen Tshabalala who sits on the grand BEE council. She tried hard but her subject matter was so mundane and boring and irrelevant to the function she was speaking at that she […]
Fronting discussed Read More »
There's been so much press on this issue of fronting. It's a hot topic and dominates the DTI and BEE Advisory Council's public ruminations. Every time Rob talks about BEE then it's about fines and blacklisting and the wrath of all the deities etc, etc, etc (or yada, yada, yada as Seinfeld might say). In
Inconsequential consequences. Or does it really matter Read More »
The dti is getting proactive, well at least they are proactively saying that they are going to be proactive. A regulator is going to be introduced to "curtail some forms of fronting". And this is at the behest of ABVA. Now that I have paraphrased this article I'm going to cut to the chase.
A BEE regulator for us – maybe, is there a vacant position Read More »
The association (ABVA) decided to host a conference to help its members and associates spot the signs of fronting and to develop codes of best practice which would cover aspects of the law that were open to interpretation. Fronting, according to the Department of Trade and Industry (dti) is regarded as a deliberate circumvention of
A little more on fronting and a PLT Read More »
Anybody had any experience in reporting fronting to the DTI. I know of a company that is very concerned about a high profile fronting case and wants to ensure that the DTI investigates it. Please respond in the comments section. We'd all love to know how to do it properly
Reporting fronting to the DTI as per the Guidelines on Fronting (etc) Read More »
Interestingly the codes themselves make no reference to fronting. Fronting is discussed in a subsequent document (Guidelines on Complex Structures & Transactions, and Fronting - Previously Statement 002). Fronting is now provided with a proper definition Fronting means a deliberate circumvention or attempted circumvention of the B-BBEE Act and the Codes. Fronting commonly involves reliance
Best line of defence is attack, just hope that your front is never exposed Read More »
