The 3rd Wave of BEE
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Description
First Wave BEE: political manoeuvring as markets open up (Since 1994) Second Wave BEE: the statutory phase (Since 2004) Third Wave BEE: access control (Since ~2018) More information at - https://sakeliga.co.za/en/the-third-wave-of-bee-what-it-is-and-why-it-must-be-stopped/?utm_source=podbean&utm_medium=podcast_page&utm_campaign=bee_3rd_wave
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The Property Practitioners Regulatory Authority (PPRA) has been denying Fidelity Fund Certificates (FFCs) to property practitioners based on BEE status since at least April 2024, preventing them from legally operating. Sakeliga has demanded the PPRA provide a written undertaking to withdraw and...
Published 08/06/24
Published 08/06/24
Sakeliga has obtained a punitive costs order against the Minister of Cooperative Governance and Traditional Affairs (COGTA) and the North West Government.   The court found that they were “trying to circumvent their constitutional duty” and that their opposition to Sakeliga was “totally...
Published 07/31/24