
On the 11th of June 2019 the BEE commission issued their ruling in regard to a case against Eskom and Dongfang Electric Corporation Limited. The tender was incorrectly awarded to Dongfang Electric Corporation Limited. To read the ruling click here: https://www.econoserv.co.za/publication-of- findings-and-recommendat-oldings-soc-limited-11-june-2019-2/
Fronting is a criminal offence and the repercussions could result in a fine of up to 10% of a companies turnover or up to 10 years in jail.
If you would like advice on your company’s current BBE transactions, or need assistance in any pending BEE ownership deals, please feel free to get in contact with us.
For more information on the various workshops we hold, please visit https://www.econoserv.co.za/training-workshops-seminars/