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ARTICLE · 02 FEBRUARY 2018

Regulators Join Forces To Ensure B-BBEE Compliance

ENS
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On 15 December 2017, the South African Department of Trade and Industry (the "DTI") published a memorandum of understanding entered into between the Companies and Intellectual Property Commission...

South AfricaAntitrust/Competition Law
Sanjay Kassen
Sanjay Kassen
Parusha Desai Valodia
Parusha Desai Valodia
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On 15 December 2017, the South African Department of Trade and Industry (the "DTI") published a memorandum of understanding entered into between the Companies and Intellectual Property Commission (the "CIPC") and the Broad-Based Black Empowerment Commission (the "B-BBEE Commission") (the "CIPC MOU").

The CIPC MOU regulates the exchange of certain information and the interface of a system in order to, inter alia, enable the B-BBEE Commission to access the CIPC business registration information for purposes of executing its mandate and performing its functions as set out in the Broad-Based Black Economic Empowerment Act, 2003 (the "B-BBEE Act"). Furthermore, the CIPC MOU provides that the CIPC and the B-BBEE Commission:

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