Volume 7 l Issue 2 - July to September 2021

Page 36

B-BBEE

South Africa B-BBEE developments: Clarity provided on black ownership schemes and structures Minister Patel has issued a Practice Note in terms of the Broad-Based Black Economic Empowerment Act Rules for Discretionary Collective Enterprises to provide much needed clarity on how ownership schemes and structures should be interpreted under the B-BBEE Codes. By Adam Ismail, Safiyya Patel, Candice Meyer and Leigh Lambrechts from Webber Wentzel

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