MoneyWeb is running a story on how SARS is trying to encourage BEE compliance.

The South African Revenue Service (Sars) tax incentive comes into play for companies introducing a BBBEE employee share plan.

Mandy’s Hardware can claim a deduction equal to the market value of the shares made available to the trust. The deduction is limited to R3 000 per employee per year, but the balance can be rolled over to successive years.

Full story on MoneyWeb