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 »
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 »
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 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 »
BEE Ownership through Statement 102: An In-depth Overview Introduction: Broad-Based Black Economic Empowerment (B-BBEE or BEE) is a transformative initiative in South Africa. The program is structured to enhance the economic participation of Black individuals. One segment of the BEE codes, Statement 102, particularly addresses BEE ownership through asset sales. Statement 102 and the Background
Statement 102 transactions: BEE ownership through the sale of assets Read More »
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,
BEE Deal: Why Now is the Best Time for Your Business Read More »
Broad-Based Black Economic Empowerment (B-BBEE or BEE) isn’t just about compliance; it’s a significant BEE Strategic Advantage. This guide will help you unlock its potential for your business. What is BEE? And how can it be used as a BEE Strategic Advantage? BEE stands for Black Economic Empowerment. It’s a program launched by the South
Learn how to use BEE as a strategic advantage: Read More »
Why the 51% Flow-Through Ownership BEE Deal is Now More Important Than Ever Broad-Based Black Economic Empowerment (B-BBEE) is not just about ticking boxes; it’s about creating real opportunities. With the recent amendments, the emphasis on 51% flow-through ownership in any BEE deal is paramount. Decoding the New BEE Deal Amendments: Last year, the DTI
51% Flow-Through Ownership: The New BEE Deal Essentials Read More »
Relationships, whether personal or in business arrangements like a BEE deal, end with death or divorce. Legal fees and taxes are certain: Relationships: From Excitement to Discontentment Many relationships sour, once the excitement of the courting is over and the realization of the limitations of the partnership sets in. Sometimes this turns ugly and ends
How to get out of a BEE deal Read More »
This may be one of the more NB articles we’ve written. No kidding. The most common method used to finance BEE might just become spectacularly unstuck thanks to the NCA (National Credit Act) and a whole bunch of money owed to ‘white’ sellers of shares may be unenforceable. Read on, and expect a flurry of
How the NCA sinks vendor-financed deals Read More »
