Fronting

BEE fronting becoming more sophisticated, holding back transformation – commission

Click here for the original post by fin24.

Jun 27 2019 05:00 | Compiled by Carin Smith

“Fronting is contributing to the slow pace of economic transformation, according to the executive manager for compliance at the Broad-Based Black Economic Empowerment (B-BBEE) Commission, Busisiwe Ngwenya.

According to the Department of Trade and Industry, fronting means “a deliberate circumvention or attempted circumvention of the B-BBEE Act and the Codes”.”

fronting (iStock)

Click here for the original post by fin24.

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