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Filter: B-BBEE Codes
The Competition Commission is also an enforcer of BEE

08 February 2022

Companies showing substantial growth, are likely to attract the interest of investors who may want to acquire the company. Should... a company be black-owned and such ownership be dramatically affected by an acquisition, such acquisition my run the risk of being blocked by the Competition Commission. 

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283
Article
Who qualifies as a Black person under the BEE Act?

14 December 2021

I have a black woman that has been working for me for a number of years. She is an asset... to my business and I have been planning to give her shares in my company. However, she’s from Zambia and is only a permanent resident of South Africa. Will she qualify as a black shareholder for purposes of BEE legislation if I make her a shareholder?

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330
Article
Why Enterprise and Supplier Development cannot be only a tick-box exercise

12 October 2021

While the BEE scorecard is well-intentioned, it should not be treated as a simple checklist, but rather seen as an... instrument to facilitate real transformation. When it comes to building and supporting small black-owned businesses in South Africa, a much longer-term view needs to be taken. 

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349
Article
Management accounts still OK for BEE verifications?

14 September 2021

My manufacturing business has been growing steadily and I expect it will go above the R50 million turnover mark this... financial year. That said, its not a given, and I’m hesitant to spend on BEE planning before I’m sure we will go over this mark. Will I be able to first wrap up the financial year and thereafter do the necessary BEE expenditure and verify the business using management accounts for the first quarter after the financial year-end?

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339
Article
The importance of women in Broad-Based Black Economic Empowerment

10 August 2021

There is often media reports about BEE and its importance, but one gets the impression the focus is often on... black males with black women taking a backseat. Is there any value for companies to consider black women empowerment?

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344
Article

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