Results 1 to 5 of 5

Thread: BEE transactions?

  1. #1
    New Member
    Join Date
    Oct 2010
    Location
    Manchester
    Posts
    4
    Thanks
    1
    Thanked 0 Times in 0 Posts

    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?

  2. #2
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    22,648
    Thanks
    3,304
    Thanked 2,676 Times in 2,257 Posts
    Blog Entries
    12
    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?

  3. #3
    Diamond Member AndyD's Avatar
    Join Date
    Jan 2010
    Location
    Cape Town
    Posts
    4,923
    Thanks
    576
    Thanked 934 Times in 755 Posts
    No offense Dave but I think he's pretty close to the mark with 'obliged'.
    _______________________________________________

    _______________________________________________

  4. #4
    Gold Member Chrisjan B's Avatar
    Join Date
    Dec 2007
    Location
    GEORGE
    Posts
    610
    Thanks
    240
    Thanked 72 Times in 65 Posts
    I agree with AndyD - call a spade a spade!

    BOVER Technologies
    - computer sales and TeamViewer support
    Elmine Botha Freelance Photographer - Photographer/ Videographer

  5. #5
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    22,648
    Thanks
    3,304
    Thanked 2,676 Times in 2,257 Posts
    Blog Entries
    12
    No offense taken

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •