The B-BBEE legislation was adopted through Section 9(2) of the Constitution to redress the socio-economic imbalances that were created by apartheid and ensure economic opportunities for previously marginalised races.

In a step to deepen the country’s economic transformation efforts, the Triple BEE Commission and the Black Management Forum (BMF) have signed a Memorandum of Understanding under the theme: Safeguarding B-BBEE Amidst Challenges in Implementation.

This has been described by Commissioner Tshediso Matona as a collaborative effort to defend and advance South Africa’s transformation agenda.

--SABC--