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Overdue BEE office may open next year

May 6 '16 | By La Afrique Media | Views: 225 | Comments: 0

Zodwa Ntuli. File picture: TREVOR SAMSONZodwa Ntuli. File picture: TREVOR SAMSON


THERE is still no clarity on when the office of the black economic empowerment acting commissioner will begin functioning, three months after Trade and Industry Minister Rob Davies appointed Zodwa Ntuli to the position.

The office of Ms Ntuli, a former deputy director-general in the department, was supposed to have been set up last year.

Department spokesman Charles Mnisi said on Friday that it should be running next year after issues, including its independence, have been clarified

Ms Ntuli, who addressed stakeholders on Friday, said the commission had been set up as a centre that could play an oversight role and monitor BEE compliance.

"Fronting (has) become a legitimate exercise (in many companies)," said Ms Ntuli, who vowed to crack down on the practice. She has also set her sights on liquidations, saying that companies use the process to evade corruption allegations.

"Liquidations are becoming a quick way to get out of trouble," explained Ms Ntuli.

Black Management Forum president Mncane Mthunzi said: "She’s familiar with the processes and legislation.

source: BDlive.co.za
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