Quote: The draft regulations propose to set new BBBEE ownership requirements over and above the targets that apply under the ICT Sector Code. These include: L

Quote: The draft regulations propose to set new BBBEE ownership requirements over and above the targets that apply under the ICT Sector Code. These include: Licence applicants and licensees applying for approval to transfer, amend or renew an individual licence must be 30% owned by persons from historically disadvantaged groups (HDPs), which category includes but is not limited to Black people. Licence applicants must then also maintain 30% ownership by Black people and achieve level 4 BBBEE status. Livia Dyer, partner in Bowmans’ Technology, Media and Telecommunications sector group, said it appears that these requirements may apply to applicants for individual licences as well as registrants for class licences.