Mar 5, 2020 | Capital News, Latest News, Shaun Smit
Ownership remains one of the more challenging pillars on the BEE scorecard, particularly for multinational companies. Employee Share Ownership Plans (ESOPs) are a tried and tested approach to successfully achieve BEE Ownership recognition, and at the same time...
Feb 10, 2020 | Capital News, Latest News, Shaun Smit
Over the last 13 years, Transcend has helped nearly 200 South African corporates and multinationals address BEE Ownership. While the most common approach to BEE Ownership has been share ownership by Black investors, an increasing number of businesses are taking...
Sep 5, 2018 | Advisory News, Bruce Hunt, Shaun Smit
Often EE Committees are not sufficiently active during the year. The compilation of EE submissions to the Department of Labour (DoL) then becomes a task to which someone in Human Resources is assigned, and which is “signed-off” by the EE committee. This scenario is...
Aug 29, 2018 | BEE Legislation News, Shaun Smit, Y.E.S Initiative
The Youth Employment Service (Y.E.S.) Initiative was gazetted by Minister Davies on the 28th of August with immediate effect. This initiative is the product of the private sector engaging with government to find workable solutions to South Africa’s youth unemployment...
Jun 26, 2018 | BEE Legislation News, Shaun Smit, Y.E.S Initiative
One of the major problems facing South Africa is unemployment – which is currently sitting at around 37%. When looking at youth (18 – 35 years old) the unemployment rate is above 50%. This is a ticking time-bomb waiting to go off, and must be disarmed. On 29...
Nov 14, 2017 | Capital News, Latest News, Shaun Smit
2017 State of the Nation: “Black People Are Still Economically Disempowered.” This was the message of President Jacob Zuma at the 2017 SONA. According to the President, black South Africans are dissatisfied with the economic gains from liberation. SONA 2017 – “Let Us...
