Reference Acts and Documents BEE Act, as amendedCodes of Good practice, as amended In this article we look at Statement 102 of the Codes of
In a previous article dated 20 July 2020, we discussed the use of Broad-based Ownership Schemes (B-BOS) as an example of use in B-BBEE matters.
Reference documents: Gazette 43021 of 14 February 2020 – Draft Regulations for Equity Ownership in the ICT SectorGazette 40407 of 07 November 2016 – Revised
Have you ever wondered what all the terminology in the B-BBEE world mean? Below is a comprehensive list. Absorbtion means a measure of the measured
In this article, we will discuss in detail the Ownership element of B-BBEE as per the Amended Codes of Good Practice implemented on 01 May
SARS has recently issued Binding Class Ruling 72 (“BCR 72“), on 07 August 2020, in which it ruled on the tax deductibility of contributions by
What is “fronting”? Fronting is described as a transaction, arrangement or other act or conduct that directly or indirectly undermines or frustrates the achievement of
A major B-BBEE transaction refers to any transaction between entities/parties that result in ownership recognition, the value of which equals or exceeds R25 million. The
The use of a B-BOS (broad-based ownership schemes) in B-BBEE ownership structures is common practice and in line with the objectives of the B-BBEE Act
We are all aware that the most common approach to BEE Ownership is share ownership by Black investors however the option of ‘Sale of Assets’
