BEE Shake-up Begins to Take Shape

In early June, President Ramaphosa announced that BEE legislation and broad-based economic empowerment strategy would be reviewed due to its ongoing ineffectiveness. This as the intended beneficiaries of the legislation remain left out of the country’s economy. And while this rhetoric has been said a number of times before, which loses some of its impact […]

B-BBEE: Ownership Points from Sale of Assets/Equity/Business Under Statement 102

INTRODUCTION Statement 102 determines that a Measured Entity (the Seller) that concludes a transaction involving a sale of assets, equity instruments or a business of a Separately Identifiable Related Business to an Associate Entity (the Purchaser), which is owned by Black People, may claim ownership points on its own Ownership scorecard. A Separately Identifiable Related […]