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BBBEE Compliance and Cost Relief
Start-ups and small businesses with an annual turnover of R 10 million or less (being an Exempted Micro Enterprises or “EME”) automatically qualify for a Level 4 B-BBEE rating. Businesses with an annual turnover of between R 10 million and R 50 million (being a...
BBBEE Fronting Practices – Recent Clarification
According to the Department of Trade and Industry (“DTI”), fronting means a deliberate circumvention or attempted circumvention of the Broad-Based Black Economic Empowerment Amendment Act No. 46 of 2013, as amended, (the “Act”) and the Codes. The Act introduced the...
Rapport: Interview with Nicolene Schoeman-Louw – Duvha bekyk oor Chinese
Nicolene Schoeman-Louw was interviewed in the Rapport Newspaper, published on 13 August 2017. The piece is about B-B BEE trusts and how to construct them in line with the legislation. It also deals with the consequences where this is not done.