Question NW3470 to the Minister of Trade and Industry
09 November 2017 - NW3470
Mathys, Ms L to ask the Minister of Trade and Industry
With reference to his reply to question 3042 on 23 October 2017, what number of trust funds have been registered since 2003?
Reply:
Trusts are registered through the Department of Justice and Constitutional Development. The B-BBEE Commission is mandated to only register major B-BBEE Transactions and of the registered transactions to date only seventy (70) involved trusts. The B-BBEE Commission does not register trust funds and as such has no access to such trust funds.