If you’re operating a business within South Africa then you need to know about Broad-Based Black Economic Empowerment (B-BBEE). This is a constitutionally mandated objective aimed at economic transformation by increasing the number of black people who participate in the South African economy.
With respect to B-BBEE regulatory compliance, we advise on:
- the Broad-Based BEE Act
- the Codes of Good Practice
- the various Transformation Charters such as the Mining Charter, Financial Services Charter, ICT Charter, and others
- ownership
- management and control structures
- due diligence
- broad-based schemes and trusts
- charter and sector code development
- preferential procurement policies