From CompliNEWS | Financial Service Intelligence Watch
Warning over ‘third wave BEE’ in South Africa
Legalbrief Today
Sakeliga has warned businesses across various industries in SA of what it calls the ‘third wave’ of BEE enforcement. BusinessTech reports that this is characterised by the group as a move from passive ‘administrative’ BEE requirements on smaller businesses to active enforcement of BEE policies. According to the group, this is distinct from the first wave (major corporates) and second wave (government contracts) implementation of BEE. Recent developments with the Property Practitioners Regulatory Authority (PPRA) underscore this concern. Sakeliga views the PPRA’s actions as part of a calculated, multi-phase approach to deepening BEE’s reach across sectors. Sakeliga in September claimed a significant win for property practitioners when the PPRA reversed its decision to enforce heightened BEE compliance requirements.