B-BBEE Compliance: B-BBEE Commission Approval And Transaction Thresholds

In South Africa Broad-based Black Economic Empowerment (B-BBEE) transactions are an integral part of achieving the collective objective of fostering a more inclusive economic environment that champions economic transformation through the effective participation of the vast majority of South Africans.

For businesses to be legitimate participants in commercial transactions, they need to ensure that they are B-BBEE compliant. In doing so the question often arises as to the necessity of obtaining approval from the Broad-Based Black Economic Empowerment Commission (“B-BBEE Commission”). It is imperative to understand if, and when a transaction triggers the requirement of the registration of a transaction with the B-BBEE Commission.