Entries by tusker-admin

Couple face criminal charges due to fronting.

In a classic case of fronting, the owners of a panel-beating shop could face criminal charges, blacklisting by Treasury from getting government tenders and an investigation by the Companies and Intellectual Property Commission for violating the Close Corporations Act. The B-BBEE Commission found that Willie and Petronella Saunders were trying to divert profits earned by […]

The ‘least-worst’ alternative

We recently met with a large-Ngo (>200K members), whose mandate means that they are clearly and outwardly opposed to BEE ownership. This is primarily because they regard it as government interference in a free market. We presented the Tusker structure as a way for their members, who might be opposed to BEE ownership because of […]