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Thread: BEE transactions?

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    BEE transactions?

    Hey guys,

    I'm reading up on current affairs in south africa, and I was unsure what a BEE 'transaction' is. As far as I am aware it is when a large company is obliged to sell some of its shares to a black empowered company so that the black company has some owneship in the larger company. Am I on the right lines here or totally wrong?

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    Site Caretaker Dave A's Avatar
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    Quote Originally Posted by Chris90 View Post
    ...is obliged to sell some of its shares to a black empowered company...
    Obliged - makes it sound rather dirty, like they don't have a choice

    Contractually advantaged sounds so much better, don't you think?
    The trouble with opportunity is it normally comes dressed up as work.

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    Diamond Member AndyD's Avatar
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    No offense Dave but I think he's pretty close to the mark with 'obliged'.
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    Gold Member Chrisjan B's Avatar
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    I agree with AndyD - call a spade a spade!

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    Site Caretaker Dave A's Avatar
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    No offense taken
    The trouble with opportunity is it normally comes dressed up as work.

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