BEE under attack, says Wiphold CEO

TIMES LIVE / 29 NOVEMBER 2020 - 00:10 BY CHRIS BARRON

The more confusing the policy the more of a disincentive it is for potential business partners wanting to invest in BBBEE trusts

Louisa Mojela, co-founder and group CEO of pioneer women's empowerment vehicle Women Investment Portfolio Holdings (Wiphold), says attacks on their legitimacy by the broad-based BEE commissioner are threatening BBBEE.

Commissioner Zodwa Ntuli, who was appointed last year, says Wiphold and other respected pioneer empowerment vehicles are black ownership fronts. Wiphold's appeals to trade & industry minister Ebrahim Patel to provide policy certainty since Ntuli began making her accusations more than a year ago have been ignored...

CONTINUE READING HERE : https://www.timeslive.co.za/sunday-times/business/2020-11-29-bee-under-attack-says-wiphold-ceo/

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Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER