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Practice Note provides welcome clarity on broad-based black economic empowerment structures


Practice Note provides welcome clarity on broad-based black economic empowerment structures
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A practice note (Practice Note) recently released by the Minister of Trade, Industry and Competition (Minister) has brought much-needed clarity on various matters relating to the allocation of shareholdings in companies to broad-based black economic empowerment (BBBEE) vehicles. ....

South Africa , Practice Note , Measured Entity , Broad Based Ownership Schemes , Employee Share Ownership Programmes , Measured Entities , Gauteng Province , ப்ர்யாக்டீஸ் குறிப்பு , பரந்த அடிப்படையிலானது ஓநர்‌ஶிப் திட்டங்கள் , கௌஊட்டெங் மாகாணம் ,

Black economic empowerment: Government is undermining i...


Since April 2019, the Broad-Based Black Economic Empowerment (BEE) commissioner Zodwa Ntuli has been on the warpath, insisting that several of the longest-established black empowerment schemes are operating in breach of the legislation, claiming BEE “ownership points” to which they are not entitled.
This is surprising for several reasons, not least because there has been no change in the intricate laws and regulations covering approved BEE since 2015.
Ntuli is an employee of the Department of Trade, Industry and Competition (DTIC) who was appointed by the minister in early 2019.
The main Broad-Based Ownership Schemes (BBOS) have made repeated calls on the DTIC to clarify the situation. The most recent was on 8 February 2021. But they have got the run-around from government.  ....

North West , South Africa , Gavin Watson , Zodwa Ntuli , Ebrahim Patel , Louisa Mojela , Sidwell Medupe , Mary Bomela , Angelo Agrizzi , Rob Davies , Mineworkers Investment Trust , Women Investment Portfolio Holdings Wiphold , National Union Of Mineworkers , Parliamentary Monitoring Group , Mineworkers Investment Company , Portfolio Committee On , Kagiso Charitable , Mineworkers Development Agency , National Treasury , Broad Based Black Economic Empowerment , Broad Based Ownership Schemes , Sunday Times , Business Day , Financial Times , Tony Balshaw , Employee Share Ownership Plans ,