A BEE party with the desire to obtain a shareholding in a business must have entrepreneurial traits. He must be prepared to commit himself one hundred percent to the business, which he wants to join as shareholder. Read the rest of this entry »
A business dealing substantially with an institution such as Escom, will have to give due consideration to becoming a black owned company, which means that such business must have a BEE party holding more than fifty percent of the equity.
This then becomes a watershed decision to the SME owner, as he now has to relinquish control over the business, which has possibly taken him a lifetime to create. Should he elect to remain in the business as a minority shareholder, he would want to make sure that the BEE party taking over the business will indeed succeed in operating it successfully. Read the rest of this entry »
The question of where to find a suitable BEE party is directly linked to what is expected from such a BEE party.
The most sought after BEE party is without doubt, someone who has such powerful connections that he can provide the SME owner with any number of new sales contracts at profit margins, which are usually only dreamt of. Read the rest of this entry »
