News

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 […]

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

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.

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

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

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

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 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

Broad-Based Black Economic Empowerment (B-BBEE) has become a cornerstone in South Africa’s evolving business landscape. With the current shifts in economic paradigms and societal perspectives, there’s no better moment than the present to engage in a BEE deal. But what makes this timing so impeccable for such transactions? B-BBEE’s Growing Importance: Today, more than ever,