by VDT Attorneys | Jul 16, 2015 | BEE, Procurement
Significant amendments to the BEE compliance framework has been introduced over the last year, commencing with changes to the Broad-Based Black Economic Empowerment Act (“BBBEE Act”) in 2014 and more recently with the promulgation of significant amendments to the BEE...
by VDT Attorneys | Jul 15, 2015 | BEE, Employment
BEE, or more correctly B-BBEE (Broad-Based Black Economic Empowerment), is governed by the Broad-Based Black Economic Empowerment Act (“BEE Act”) as well as Codes of Good Practice and various sector charters issued in terms of the BEE Act. The primary objective of BEE...
by VDT Attorneys | Jun 11, 2015 | BEE, Corporate, Equity
Some of the reasons provided pursuant to the initial notice regarding the cap on BEE ownership points to be earned through BBOS and ESOPs, included the following: • The beneficiaries thereof will never have a real opportunity to participate in and drive the business...
by VDT Attorneys | May 12, 2015 | BEE, News
CENT in turn invests into Black owned businesses that address some of South Africa’s largest social problems, such as a lack of decent housing and basic services, poor transport infrastructure and access to areas of economic opportunity, as well as high rates of...
by VDT Attorneys | May 7, 2015 | BEE
The Notice essentially deals with five matters which we will unpack and highlight some of the reasons why the Notice in our opinion adds to the current confusion. a) Firstly the Notice confirms that the Revised Codes came into effect on 1 May 2015. It then continues...
by VDT Attorneys | Apr 23, 2015 | BEE, News
The Phatshoane Henney Group, as a national association of leading law firms, have recognised the importance of prioritizing BEE and have committed themselves to the achievement of its goals. It is this commitment to BEE and in recognition of the challenges imposed by...
