Proposed law to replace BEE in South Africa – what you should know

The opposition Democratic Alliance has announced its intention to table the Preferential Procurement Policy Framework Amendment Act for public comment. The bill proposes scrapping the current Broad-Based Black Economic Empowerment (BBBEE) Act and making several key amendments to the Preferential Procurement Policy Framework Act (PPPFA). “The proposed Preferential Procurement Policy Framework Amendment Bill will seek to…...