Taken from an FM article on BEE investment houses who end up being benificiaries of deals and their overall performance. The article concludes that BEE deals need to evolve, suggesting perhaps that a move toward entrepreneurship and away from passive hand-out involvement. Recent broad-based empowerment deals from the likes of SAB, Tiger Brands and Adcock […]
The changing face of BEE deals as per FM? Read More »
It's made the press again -in fact it's made a lot of press. I was referred to the Business Day report by Robert Simmonds. This report concentrated on the beneficiaries, 20% of whom are SAB's lower paid white employees. And once again Mr Obvious (one Ajay Lalu) is asked for his opinion – to which
This is truly an hysterical article. I would normally Tweet on these things but it warranted a lot more than 140 characters. Ann Crotty reports that the Public Investment Corporation (PIC), which manages about R800 billion of funds on behalf of the Government Employees Fund, is in discussions with the Department of Public Works
PIC and Cyril – two from Business Report Read More »
Someone searched for this on the blog. I wrote this 14 years ago. I'm glad to see that my thought process hasn't changed. I've probably become a little more jaded over time. We have a unique online BEE course coming up. It's all about compliance. I don't know of another course that deals only with
Ownersheepish – and the only BEE compliance course Read More »
I started this blog because I found myself in a position where a business relationship that had been going rather well was summarily terminated. I don’t have the best knowledge of html and web design so I opted for a blog. My inspiration for the blog came from Fred Wilson’s blog. Fred is a tech
The origins and the board Read More »
I have been a bit slow here. These two articles do have an impact on BEE, one more so than the other. Income tax laws support BEE deals BEE deals will happen – hopefully they’ll soon become more like normal M@A deals in time and not specifically deals that are done with people because they
BEE and tax – and lockins etc Read More »
DaimlerChrysler has announced a BEE deal. They are quite insistent that it is going to be broad-based. Their website provides a succinct analysis of the whole deal. The thing that I love about this deal is that they have involved a bunch of prominent celebrities including former Miss South Africa Basetsana Kumalo, pop star Yvonne
Slight Benzing of the norm Read More »
Bad pun. Today’s Business Day announced "PPC’s BEE plan too expensive, analysts warn". They want to flog off 15%, which is valued at R3.2bn. Analysts say that the price could deter external financiers. The article concludes that a broad-based (read – lots of shareholders, not the broad based BEE we understand) deal would be
PPC to cement its future Read More »
Reunert is talking of doing a deal. Well they have done a deal that is subject to shareholder approval. But if they are making as big a deal about it, then they must be sure it is going to go through. The 10% stake is estimated to be worth R1.1billion. 70% of the beneficiaries will
Reunert deal (s)pending Read More »
It was bound to happen. A re-visitation of BEE deals as soon the rumour of "once empowered, always empowered" hit the headlines. We speculated about this in our Standard Bank post on the 6th of November. Many deals hide behind liberal rhetoric of wanting to empower the masses etc, but these platitudes are more often
Phuthuma not so nasty Read More »
