top of page

THE

BEECHAMBER

Asset 4.png

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 B-BBEE Codes of Good Practice.

 

Ownership Services are available to assist members with Ownership structures.

Comments


bottom of page