Blog Articles
Share Options for the subscription of shares as a form of BEE ownership
There is much uncertainty surrounding the nature and use of share options, especially where they can be used for B-BBEE purposes.
Firstly, we need to clarify what a Share Option is. A Share Option is a form of equity instrument and falls under the defi
Legislative requirements for the SA Construction industry – the Occupational Health and Safety file for projects
The OHS file is an approved Health and Safety file compiled by a trained and competent OHS practitioner or team.
As stated in a previous blog regarding the
The importance of bursaries on the BEE sector code scorecard
The recent amendments to the B-BBEE Codes of Good Practice require large entities to spend 2,5% of their annual payroll on bursaries.
An update of the Promotion of Access to Information Act (PAIA)
The Promotion of Access to Information Act (PAIA) was promulgated in 2000 and is intended to give effect to the Constitution, granting any person or Juristic person the right to have access to information to enforce any right of such person.
Piercing the corporate veil under Companies Act 71 of 2008
S76 of The Companies Act codifies directors and prescribed officer’s fiduciary duties towards the companies (fiduciary relationship) and its stakeholders.
The use of Non-Profit Companies in a B-BBEE context
Why are non-profit companies or NPC's getting more involved as initiatives in respect of the B-BBEE Codes?
Non-profit companies (NPCs) are becoming more involved as initiatives in respect of the B-BBEE Codes of Good Practice and Sector Codes (B-BBEE Codes) for two reasons: