New guidelines on BEE worker ownership structures to be publ

MONEYWEB
app instead?
Aim to provide policy clarity on broad-based ownership schemes.
12:00 
Open:
Open:
Ebrahim Patel – addressing ‘differences in opinion’ that exist. Image: GCIS
Minister of Trade, Industry and Competition Ebrahim Patel says the department will soon publish a “practice note” on broad-based worker ownership structures to be used by companies across different sectors of the economy. 
Worker ownership is seen as an important catalyst for developing a greater level of partnership between workers, managers and owners of companies. The lack of clarity on whether or not the beneficiaries of such schemes are indeed black and have actual voting rights at board level has had a negative impact on some of the investment strategies and effectiveness of the structures. 

Related Keywords

Kagiso , North West , South Africa , Ebrahim Patel , Jonathan Molapo , Nozicelo Ngcobo , Richard Rivett Carnac , Sasol , Public Affairs , Mineworkers Investment , Kagiso Charitable , Astron Energy , National Economic Development , Labour Council Nedlac , Broad Based Black Economic Empowerment , Kagiso Charitable Trust , Mineworkers Investment Trust , Ditikeni Trust , Wiphold Trusts , Tertius Carstens , Coca Cola Beverages , Kumba Iron , Business Unity , Martin Kingston , Labour Council , Companies Act , வடக்கு மேற்கு , இப்ராஹிம் படேல் , சசோல் , பொது வாழ்க்கைத்தொழில்கள் , ஆஸ்ட்ரான் ஆற்றல் , தேசிய பொருளாதார வளர்ச்சி , பரந்த அடிப்படையிலானது கருப்பு பொருளாதார அதிகாரம் , கோகோ கோலா பானங்கள் , கும்பா இரும்பு , வணிக ஒற்றுமை , மார்டின் கிஂக்ஸ்‌டந் , தொழிலாளர் சபை , நிறுவனங்கள் நாடகம் ,