BBBEE debated in Parliament
Parliament is holding public hearings on the amendment bill dealing with BBBEE.
CAPE TOWN - The Commission for Employment Equity on Friday called for an effective body to be set up to monitor Broad Based Black Economic Empowerment (BBBEE).
Parliament's Portfolio Committee on Trade and Industry is holding public hearings on the amendment bill dealing with BBBEE.
The bill aims to close loopholes in the existing legislation.
The amendment bill proposes that a commission be set up to monitor BBBEE.
It also aims to combat fronting by introducing stiff penalties.
The commission's Loyiso Mbabane said an effective commissioner is needed to monitor compliance.
"We recommend a model with a powerful commissioner with strong powers to tackle corruption in tenders and procurement."
The Black Business Council also made submissions.
Its CEO disagreed with critics who argue the system has not been working and should be scrapped.