An in-depth look at how the new BEE codes will affect your business

If you interact in any way with South Africa,  then it is probable that you have been impacted by Broad-Based Black Economic Empowerment (BBBEE). BBBEE is a necessary equaliser that attempts to level the playing field of equal economic opportunity, after years of apartheid oppression. However, as it so often happens with good intentions – … Read more

With the FSB clampdown on unregistered exchanges, what will happen to MTN Zakhele shareholders?

The unfolding story around the unregistered, over-the-counter share exchanges that are being used to trade shares in broad-based black economic empowerment schemes like MTN’s Zakhele is fascinating and instructive. When Zakhele was conceived, shareholders were promised that after a certain period, they would be permitted to trade their Zakhele shares with other black persons – … Read more

SA’s over-the-counter BEE share markets are all trading illegally – FSB

Over the last few years there’s been a boom in over-the-counter (OTC) trading in South Africa thanks to the advent of broad-based black economic empowerment deals. Under the terms of many of these BBBEE deals, black individuals who purchased the shares are eligible to trade them with other black individuals, but, because the trade must … Read more

BEE share schemes: Why we need more and why they’re good for SA

With evidence that South Africa’s  Black Economic Empowerment (BEE) share schemes have improved lives, it seems a pity that more companies have not followed the likes of Vodacom SA, Sasol and Naspers. That’s the message delivered in this insightful overview of South Africa’s empowerment landscape, by analyst Riaz Gardee, as over-the-counter trade in BEE shares … Read more