In a BEE context, there are various ways to approach the element of ownership.
Giving away a portion of your business to black South Africans was certainly not what the codes of good practice intended.
In fact, ownership restructuring should be a win-win situation, empowering not just the black owner, but also the white owner.
After careful analysis of your business, we’ll explore all the options.
The broad requirements are:
- BBBEE points are awarded for black ownership
- It can be direct ownership or indirect, for example Employee Share Trusts or BEE Trusts
We’ll help you with the delicate tasks of drafting ownership documents and ownership restructuring.
Beware of false and careless advice.
At BEG Commercial Consulting, our specialists will guide you on the BBBEE journey, every step of the way.
Why not contact us right away.