Business / Companies
100 companies get 14 day indigenisation ultimatum
02 Sep 2013 at 05:00hrs | Views
The National Indigenisation and Economic Empowerment Board has issued a 14-day ultimatum to about 100 companies to apply for certification or face being classified as non-compliant with the Indigenisation and Economic Empowerment Act.
In a statement published yesterday, NIEEB urged all companies whose indigenisation plans were approved to apply for certification immediately.
NIEEB also published a list of companies that require certification within a fortnight. Among the listed companies are Lifestyle Holdings, Art Holdings, Sunway City, Duly's Holdings, Afre Corporation, NicozDiamond, Pelhams and PG Industries.
NIEEB said companies trading in the reserved sectors of the economy such as retail, had until January next year to comply.
In a statement published yesterday, NIEEB urged all companies whose indigenisation plans were approved to apply for certification immediately.
NIEEB said companies trading in the reserved sectors of the economy such as retail, had until January next year to comply.
Source - newsday
