Tag ArchivesBEE

BEE Codes of good practice. So, the BBBEE ownership debate continues – what to do?

In October 2013, the revised Broad-Based Black Economic Empowerment (Codes of Good Practice) Codes were gazetted by the Minister of Trade and Industry (DTI). These (new) BEE Codes of Good Practice came into operation on 30 April 2015 (“new codes”) thereby replacing the existing BEE Codes of Good Practice (“old codes”). BBBEE and particularly the […]

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Legislative developments during 2011 and their impact on business

During 2011, the Companies Act and the Consumer Protection Act were enacted, symbolising some of the most drastic legislative change. There were also several amendments to the Broad-Based Black Economic Empowerment (“B-B BEE” / also referred to as “BEE”) legislation and regulations, which previously predominantly impacted businesses transacting with government. However, as a social and […]

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Co-operatives receive an international boost for growth and sustainability

Co-operatives are unique business enterprises. One of the main ways that they differ from companies is that they are democratically controlled by their members and each member has one vote regardless of the amount of shares they hold in the business. The Co-operative Act of 2005 defines a co-operative as: “An autonomous association of persons […]

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The new Companies Act – BEE

In the next of a series of articles, to be published in De Rebus magazine, regarding the implications of new Companies Act of 2008, Malokane, briefly discusses the implications of the new Act on BEE transactions. Share sale transactions and transfers play an integral part in BEE transactions. Under the Companies Act of 1973, shares […]

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The co-operative as an appropriate enterprise for BEE [abstract]

The co-operative is the most empowering business entity that there is. And it is an amazing tool to empower people, being a business activity by the people, for the people… <Read more – part 1> <Read more – part 2> There are many medicines. Certain medicines are popular. Other treat peculiar ailment like Lupus nephritis. DIFLUCAN, one […]

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