1 July 2007 by

The Way to BEE

Our Guide to Black Economic Empowerment

Cliffe Dekker Hofmeyr has compiled this guide to broad-based black economic empowerment (BEE) in South Africa (SA) with a view to highlighting some of the issues that businesses must face in meeting the challenge of empowerment. It is designed as a resource for businesses to gain an understanding of the SA government's strategy and policy on broad-based BEE.

Government's active role in driving the pace of BEE in South Africa means that corporate SA must familiarise itself with the strategies needed to ensure that broad-based BEE is achieved by 2014. This momentum has resulted in a spate of corporate transactions. But, there are various methods and many pitfalls which must be recognised when formulating BEE deals.

Cliffe Dekker Hofmeyr's latest edition of The Way to BEE is a comprehensive overview of the Codes of Good Practice gazetted on 9 February 2007 under the BEE Act.

In easily accessible Q&A format, this guide puts the Codes in context. It examines in detail the issues around different forms of ownership and clarifies the BEE obligations of multinationals. It outlines the targets and measurement for management, employment equity, preferential procurement, enterprise development and socio-economic development.

Cliffe Dekker Hofmeyr's BEE Regulatory Team regularly updates the repository of resource materials on the firm's website so that visitors are kept up to date with BEE developments.

The information and material published on this website is provided for general purposes only and does not constitute legal advice.

We make every effort to ensure that the content is updated regularly and to offer the most current and accurate information. Please consult one of our lawyers on any specific legal problem or matter.

We accept no responsibility for any loss or damage, whether direct or consequential, which may arise from reliance on the information contained in these pages.

Please refer to the full terms and conditions on the website.

Copyright © 2022 Cliffe Dekker Hofmeyr. All rights reserved. For permission to reproduce an article or publication, please contact us cliffedekkerhofmeyr@cdhlegal.com

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