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THE

BEECHAMBER

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NEWS

PRACTICE NOTE ON OWNERSHIP FOR COLLECTIVE ENTERPRISES



In terms of the B-BBEE Act, on 18th May 2021, a Practice Note under Gazette #44591 was published by the Minister of Trade Industry & Competition. The notice outlines the rules for discretionary Collective Enterprises. The purpose is to clarify how Ownership by Collective Enterprises is defined as Broad-Based Schemes, Employee Share Ownership Programmes, Trade Unions, Not for Profit Companies, Co-operatives, Trusts should be interpreted under the Codes of Good Practice.


Ownership Services are available to assist members with Ownership structures.


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