Elon Musks’ Starlink – a constellation of low earth orbit (LEO) satellites offering high-speed, l0w-latency bandwidth to anywhere on earth – needs to comply with local laws if they are to operate in South Africa. Currently, one of these license requirements is that 30% of the equity in the SA operation belongs to “historically disadvantaged […]
Starlink: what other options could work? Read More »
Some of the most frequent, racist critiques of BEE in the comments on our social media adverts or pages are that BEE enables corrupt Black people to enrich themselves; that if there were no BEE there would be no corruption, and that this corruption is Black-only. This article then, is for the haters. it’s the
Court rules against six Dimension Data execs for fraud related to BEE deal Read More »
Is BEE about transformation? compliance? or could it be an investment that sets up a sustainable competitive for your business? The lens you use to frame the problem is paramount to choosing the appropriate outcome and deciding if it’s worth the effort. When it comes to transformation, most business owners we speak to understand the
How to calculate the return on investment from BEE Read More »
Update: In late August 2024, the PPRA wrote to Rebosa and withdrew the requirement for Level 8 BEE in order to get a FFC. We will keep watching this space. For Property Practitioners who wish to jump ahead (especially those in a B2B environment) please contact us as our ownership solution is cheaper than the
Simple BEE for Property Practitioners Read More »
Grey listing requires changes: South Africa made headlines in Q1 2023 by being greylisted by the Financial Action Task Force (FATF). In response to this, to further fight money laundering and increase transparency, new beneficial ownership reporting requirement for South African trusts and companies have been introduced. These changes are effective from April 1, 2023.
Beneficial ownership and BEE Read More »
At Tusker, our dedication to elephants has inspired our innovative B-BBEE Ownership solutions. As you’ve probably guessed, we like elephants and have named our B-BBEE Ownership products accordingly. The first is ‘Addo’. It’s named after the Addo Nature Reserve in the Eastern Cape, a reserve famous for its Elephants. Our latest product is ‘Tembe’, named
We meet hundreds of business owners every year. So we get a sense of their collective needs, wants and fears. Yes, we chat BEE but in so many ways that’s also a proxy for the confidence in South Africa’s future. Confident? a BEE deal makes financial and emotional sense. Not sure? maybe hold off a
The biggest change in BEE since Covid Read More »
The decision to do a BEE ownership deal is primarily an investment decision (we cover the emotional elements in other articles, but the point here is that if it doesn’t make financial sense then don’t go further unless you’re feeling particularly charitable, so cross this bridge first). You need to understand, at the outset, whether you can
Is sorting out your BEE-ownership a good financial decision? Read More »
BEE Ownership Misconceptions: Debunking the #1 Myth and Managing Control Issues In the realm of BEE ownership, misconceptions often cloud the understanding of business owners. This article aims to debunk the #1 myth surrounding BEE Ownership Misconceptions and shed light on the concept of deemed ownership. Many businesses mistakenly believe that BEE ownership necessitates actual
The #1 misconception in BEE deals and the c-word Read More »
Addressing Dual Challenges: Solar Solutions & BEE Ownership Requirements Are you a business owner in South Africa grappling with the intricacies of BEE ownership requirements while also dealing with an erratic electricity supply? You’re in the right place. This guide will unveil a dual solution: a sustainable energy source and an innovative approach to BEE
BEE and Solar. Win-Win-Win Read More »
