BEE under attack, says Wiphold CEO

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

29 November 2020 - 00:10 By CHRIS BARRON

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...

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.

Questions or problems? Email or call 0860 52 52 00.