Black Friday 2021
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With a deep understanding of the BEE Codes, over ten years of transaction advisory experience, Transcend has insight into best practice and can provide value-adding advice to you.
With ever-evolving BEE Codes and legislation, it is important to ensure that your BEE Ownership initiative is compliant. This extends beyond just technical application of Ownership provisions. It includes ensuring that the initiative is not at risk of being considered to be ‘fronting’ both in the spirit and law of the legislation.
Ownership is a Priority Element under the BEE Codes, with the focus being on Net Value – wealth creation in the hands of Black people.
If the Net Value sub-minimum threshold is not achieved or exceeded, a one BEE level penalty will be imposed on your business. Importantly, to qualify for recognition as a “51% Black-Owned” and/or “30% Black Women-Owned” business, full Net Value points must be achieved.
A clear understanding of the application of the Priority Element provisions as well as of how Net Value is calculated is vital, along with a clear expectation of whether your Net Value scoring will be at the desired level. If you are at risk of not attaining the desired Net Value scoring, appropriate responses should be evaluated and action taken timeously.
As a specialist corporate finance advisory firm focusing on BEE Ownership, with over ten years of transaction advisory experience, we have a deep understanding of the technical application of the BEE Codes. We can assist you in performing the critical Net Value assessment and, where necessary, identifying and testing possible actions to remedy any expected failure to achieve the desired Net Value points.
Driving the creation of active Black-owned companies
Black private equity and property funds are a vehicle through which active Black fund managers can apply institutional funds to drive the creation of active Black-owned and controlled companies. Transcend Capital can advise on the optimal structure of the fund and the fund manager, to ensure that the fund meets the requirements of code 100, while remaining as attractive as possible to both investors and investee companies.
Transcend has been involved in setting up a number of these funds for SOE’s and financial institutions. We have also advised a number of the largest Black institutional investors.
The dtic has a number of incentive grants that can help facilitate Black Ownership in companies. These grants are specifically geared towards the creation of jobs and new productive capacity.
We assist companies to assemble finance packages that include dtic incentive grants and complement IDC, PIC, and Land Bank funding.
Draft sector Codes have now been released for this sector and are currently in a...Read More
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