Rob Davies, Minister of the Department of Trade and Industry, has released Government Gazette No. 40410, Notice 748 of 2016, issued on 8 November 2016. This gazette proposes that there will be thresholds for major B-BBEE transactions and if these thresholds are met, that the potential ownership deal be submitted to the BEE commission for approval. Only upon approval by the BEE commission, may the transaction take place and points be scored on the ownership element.
Please refer to the Government Gazette No. 40410