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White-owned business be BEE Complaint

It is entirely a misconception that in order to be BEE compliant a black shareholder needs to be place. While historically the focus of BEE has been on the Ownership element, with the advent of the Codes and Broad-Based BEE or B-BBEE, the Ownership element is just 1 of 7 the BEE elements. The size of your business will determine the extent to which the Ownership element will be relevant. If you are an Exempted Micro Enterprise (i.e. an entity with a turnover of below R5 million per annum) then…

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