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.
