STATEMENT: THE OPEN-ENDED NATURE OF BROAD-BASED BLACK ECONOMIC EMPOWERMENT
When he briefed the media yesterday before the debate on the Broad-Based Black Economic Empowerment Bill in Parliament, Minister of Trade and Industry, Rob Davies, said that the country was nowhere near the point where a sunset clause for BBBEE measures could be considered. He said that according to a -007 survey by the University of Pretoria, most companies were still at the lowest level of BBBEE.