BEE Advisory services
The Broad-Based Black Economic Empowerment Act 53 of 2003 (the ‘’BEE Act’’) was introduced by the South African government to address the disparities experienced by black South Africans under the apartheid regime.
Our lawyers have experience in advising on the BEE Act and the codes of good practice, sector codes and regulations issued under the BEE Act, the Employment Equity Act and the Skills Development Act. Our BEE advisory lawyers have been involved in numerous transactions, implemented with the objective of giving effect to appropriate BEE ownership structures, and we offer a range of advisory services covering BEE:
– Guiding clients and advising on BEE ownership structures: This includes the implementation of ownership structures and drafting the necessary legal documents to give effect to these structures (including, but not limited to, broad-based ownership schemes; employee share ownership programmes; option agreements; sale and subscription agreements; shareholder agreements; trust deeds; preference-share structures; joint venture agreements and funding documents)
– Advice on BEE strategies, funding structures, and ownership structures
– Assisting clients with responses to complaints and investigations lodged with the BEE Commission.