n IMIESA - BEE evolutions : empowerment
|Article Title||BEE evolutions : empowerment|
|© Publisher:||3S Media (Pty) Ltd|
|Publication Date||Oct 2005|
|Pages||44 - 45|
Extracted from text ... BEE evolutions By Nicholas McDiarmid With the announcements in August from the Ministry of Public Works regarding the extent of BEE fronting in contracts worth hundreds of millions of rand, corporate black economic empowerment (BEE) strategies are fast becoming models as opposed to simply a means to get business. It is well known that local authorities in South Africa lack the capacity to research the BEE credentials of both their suppliers and contractors, which has left room for abuse. It was on this basis that Stella Sigcau, Minister of Public Works, called for an investigation into the BEE validity ..
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