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 2007 is
a comprehensive overview of the Codes of Good Practice gazetted on 9 February
2007 under the Broad-Based Black Economic Empowerment (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.
Government resource documents pertaining to sector charters can
be accessed directly from the Documents
Section.
For further information, please contact
Jay-Ann Jacobs on
+27 21 481 6325 or
send her
a message
