Our BEE (Broad-Based Black Economic Empowerment) Advisory Team is well versed in the South African requirements regulating economic transformation including how these requirements apply and are enforced across industry sectors and the regulatory bodies that monitor compliance.
An understanding of transformation law in South Africa requires an understanding of not only BEE legislation and regulation, but also labour law, employment equity, skills development, government preferential procurement and corporate social responsibility.
The team provides advice and guidance as well as planning and structuring support to clients in private and institutional sectors regarding transformation compliance, establishing sustainable transformation strategies and unlocking opportunities for growth and economic development. This involves a range of services designed to assist clients with their transformation needs:
Strategy Development
We work closely with clients to develop tailored BEE strategies aligned with their business objectives and transformation goals. Whether it's maximizing BEE scorecard points, fostering supplier diversity, or enhancing socio-economic development initiatives, we provide strategic guidance to drive meaningful change and create value for all stakeholders.
Compliance and Advisory
Our team provides expert guidance on navigating and understanding BEE legislation and regulatory requirements and its application to a client and industry sector. We help clients interpret and implement relevant sectoral codes of good practice, ensuring compliance with the latest legislative developments and industry standards. Our proactive advisory services help clients stay on top of changes in BEE regulations and unlock opportunities for optimization.
Transaction and Ownership Structuring
We assist clients in structuring transactions to optimize BEE ownership and equity participation, whether as part of corporate structuring or a comprehensive M&A transaction. Whether it's facilitating black ownership transactions, structuring equity partnerships, or implementing employee share schemes, our team provides strategic advice and support so clients can achieve their empowerment objectives and maximize commercial value.
Verification Support
Our team collaborates with clients to prepare for formal BEE verification audits and assessments. We conduct thorough reviews of documentation, processes, and planning to ensure accuracy of the verification and provide guidance and support throughout the verification process. We aim to help clients achieve favorable verification outcomes that are aligned to their realistic BEE planning.
Training and Capacity Building
We offer training programs and capacity-building initiatives to empower clients with the knowledge and skills needed to navigate the BEE landscape effectively. From executive briefings to employee workshops, our training sessions cover a wide range of topics, including BEE fundamentals, best practices, and emerging trends.