Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Good governance must underpin B-BBEE. All participants in the  sector  (management, labour, communities and government) need to adhere to the highest standards of good corporate governance to improve the quality and  transparency of  business  in the  sector. Good governance  includes  being compliant with  legislation, following due  process,  applying fair labour practices, being socially responsible and applying environmentally sustainable business practices. Fronting as a disguise for B-BBEE will not be acceptable and will be dealt with in accordance with the DTI guidelines.