Comprehensive advice and strategies for lasting and sustainable transformation.
Black Economic Empowerment
Broad-Based Black Economic Empowerment
Black Economic Empowerment has become an integral part of companies doing business in South Africa. Our Attorneys are able to assist corporations, as well as private companies, in maximizing their B-BBEE status whilst promoting equality and their business growth strategy.
The Broad-Based Black Economic Empowerment Act, No. 53 of 2003 (B-BBEE Act), was promulgated in April 2004 acting as a guide for the implementation of BEE initiatives and for the Minister of Trade and Industry to publish Codes of Good Practice (Generic Codes).
Corporations need to provide evidence of their B-BBEE status as measured under the Generic codes if they wish to engage on a commercial platform with the State in any of the following scenarios:
- requiring licences, concessions or authorisations from the State; or
- providing goods and services to organs of State or public entities; or
- acquiring State-owned enterprises; or
- entering into partnerships with the State
We are also able to assist foreign investors, board members, directors and managers in understanding and the interpretation of the key aspects of the BEE codes and scorecard so as to provide comprehensive advice and strategies for lasting and sustainable transformation pertaining to any and all foreign empowerment transactions.
- BEE compliance and structuring.
- Empowerment mergers and acquisitions.
- Conducting BEE Due Diligence Investigations.
- Structuring and documentation of empowerment transactions.
- Preparing submissions to rating agencies and regulators regarding the BEE structure.
- Government procurement.
- Employment equity.
- Skills development.
We’re located in the heart of Bellville
26 Hofmeyr Street
Why not give us a call or send us an email
Tel: +27 21 945 1237
Fax: +27 86 691 4998