This is a repost. There has been a problem with Feedblitz that has miraculously been solved. The upshot is BEE ownership in three weeks Fully compliant with the codes (see below) No shareholder interference No Capital Gains Tax If it needs to go through a verification (this will take longer than three weeks) you will […]
Black ownership within 3 weeks, no interference only compliance Read More »
A participant is defined as a natural person holding rights of ownership in a Measured Entity (got to love that term). Simply put it’s a living breathing black person. That’s simple enough. Where this word appears it must refer to a natural person. For example Black New Entrants” means Black participants who hold rights of
What is a participant then – and who do we work for? Read More »
Most people involved in the BEE world, including law firms are of the opinion that a Trust deed needs to fulfil all the requirements contained in Annexure B – D of the ownership code. These are the annexures that cover BBOS, ESOPs and Trusts. There are a number of problems with this approach All amendments
This is interesting. There are draft regulations that state that individual licensees need to be a level 4 and have 30% ownership. I was contacted by Sakeliga who have told me that they are preparing litigation against these regulations. This works for me. We've seen the issue with Starlink in South Africa. ICASA (read the
What constitutes ownership for ICASA licences – option work Read More »
Thanks to Howard and his team at Syncrony Digital. Ownershield is a unique ownership advisory company. It sticks to these rules Sustainability. Ownership is an emotional topic, but if a company is going to go down that route then the solution must be able to weather BEE norms and interpretations Tax efficiency. As compelling as
Ownershield’s website is live – a shameless plug. Please go and visit Read More »
This is a post that I have been wanting to write for a long time. I eventually wrote it as an article for Moneyweb, who published it on Friday and syndicated it to the Citizen (now I'm really famous). I have been mulling this over for a long time. Why is it that these BEE
Transformation or a smokescreen – the BEE codes are more of the latter Read More »
Whilst we wait for Cyril to do something about this abomination known as the BEE codes I might as well provide my loyal readership with a short tutorial on ownership. Before I start I need to stress that ownership is not the answer to South Africa's problems. Well in excess of 95% of all the
Exactly what percentage ownership do you need so as not to be fired Read More »
This post was originally published in April 2013. Please excuse the indulgence of the repost. What is interesting is that certain links in the original post are now dead. I've had to look for new ones. The BEE world is really for the good times. Empowerment likes the idea that companies make money and black
Delinquent, or absent shareholders and ownership – repost Read More »
The person who thought of this scheme is cleverer than me, I think I need to apply for apprenticeship in her office (if it is in fact a her). This structure was explained to me about a year and a half ago by a guy who had got it from someone in Bloem. It is an application
Getting to 51% black ownership using the modified flow through principle Read More »
Is there anything good in the world of BEE at all. No, not much. All that is good is forgotten about and all this is bad is used by both the minister and the advisory council to entrench racial polarisation. But I digress. The issue here is when do you measure ownership? Is it ownership
Measurement of ownership – when? Read More »
