B Bbee Shareholder Participation Rules

Summary

Under the South African Broad-Based Black Economic Empowerment (B-BBEE) Act, black shareholders are not required to actively participate in the measured entity for ownership purposes. Ownership is evaluated based on shareholding and voting rights. Active involvement is required in other elements such as management control and skills development.

Full Conversation

the Broad-Based Black Economic Empowerment Act * of *
Under the Broad-Based Black Economic Empowerment (B-BBEE) Act in South Africa:
- Black shareholders are not required to actively participate in the measured entity.
- Ownership focuses on shareholding and voting rights for B-BBEE compliance.
- Active participation is needed in other elements like management control and skills development.
If you have more questions or need clarification, feel free to ask!
MiX Telematics Africa (Pty) Ltd (*)
Under the South African Broad-Based Black Economic Empowerment (B-BBEE) Act, black shareholders do not have to actively participate in the measured entity for ownership purposes. Ownership is evaluated based on shareholding and voting rights. Active involvement is required in other elements such as management control and skills development. If you need further clarification or have more questions, feel free to ask!