Tusker

BEE Ownership Strategies

Beneficial Ownership - Business documents on table

Beneficial ownership and BEE

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 »

Addo and Tembe

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 …

Addo and Tembe Read More »

Is sorting out your BEE-ownership a good financial decision?

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 »

The #1 misconception in BEE deals and the c-word

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 »

BEE and the New (Post-Covid) Normal

As nations grappled with the economic fallout from Covid-19, the term “new normal” gained prominence. In South Africa, with its existing economic challenges, the concept of “BEE post-Covid” became a focal point. The country was already confronting issues such as load shedding, rising unemployment, and corruption allegations. Now, amidst this turmoil, the role and relevance …

BEE and the New (Post-Covid) Normal Read More »

Deemed BEE Ownership: Legitimate Ways to Achieve BEE Ownership Points

In this article, we discuss several ways to legitimately achieve deemed BEE ownership points without having actual BEE owners. This is called ‘deemed ownership’. A Recap on the Challenges of Achieving Actual BEE Ownership Ownership is the trickiest part of the BEE Scorecard. Many times, business owners are not committed to BEE for various reasons, …

Deemed BEE Ownership: Legitimate Ways to Achieve BEE Ownership Points Read More »

How to achieve BEE ownership when you can’t (or won’t) change your actual shareholding?

In the dynamic business terrain of South Africa, the B-BBEE laws cast a significant influence. Achieving B-BBEE compliance, particularly concerning ownership, presents challenges, especially for foreign entities. This piece explores BEE Ownership Solutions to assist businesses in this intricate journey. The Pressure of BEE Compliance Most businesses, while operating in South Africa, feel the pressure …

How to achieve BEE ownership when you can’t (or won’t) change your actual shareholding? Read More »

BEE and Procurement: Afribusiness v Minister of Finance Ruling

BEE and Procurement: Afribusiness Ruling In the dynamic world of BEE (Black Economic Empowerment) and procurement in South Africa, the Afribusiness v Minister of Finance ruling carries significant implications. This landmark case addresses corruption and policy uncertainties, warranting attention. Background (BEE and Procurement): To redress historical injustices, the Constitution allows targeted racial discrimination, leading to …

BEE and Procurement: Afribusiness v Minister of Finance Ruling Read More »

Scroll to Top