I suppose we are used to news headlines that are slightly removed from reality for dramatic effect. But I think this one beats most I've seen.
Sorry - what was that headline again.Days of BEE fronting numbered
Government on Thursday released the final draft of its black economic empowerment standards.
The standards, entitled Codes of Good Practice for Broad-based Black Economic Empowerment (BBEE), outline what companies need to do to fulfil government's BEE policy requirements.
They were released by Trade and Industry Minister Mandisi Mpahlwa in Johannesburg.
Approved by cabinet earlier this month, the codes are silent on the wide-spread problem of fronting that defeats the objectives of the policy.
"This is not an easy area - how do you catch those guilty of fronting and if you finally do, what action do you take against them?" said Mpahlwa.
However, Mpahlwa said the issue could be covered in future legislation.
from IOL here