Document: Review of Broad Based Black Economic Empowerment Act and Codes of Good Practice

With the enactment of the BBBEE framework in 2007  government  created a legally conducive and enabling environment to transform and build capacity in the economy through broaden the framework. Significant progress has been achieved in the direct equity element as evidenced by the number of deal mergers in the past four years. Indirect elements have fallen under the radar and change the behaviour of how BBBEE is being implemented, through effective monitoring and sanction for non-compliance.