Minister of trade, industry and competition Ebrahim Patel has put to rest a long-running dispute on the BEE status of broad-based schemes and trusts, gazetting a notice on Tuesday to confirm that they qualify to be scored as genuine black ownership.

The notice brings to an end the difference of opinion between Patel and his BEE Commissioner, Zodwa Ntuli, who, since 2019, has argued that investments made by collective schemes could not qualify for ownership points on the BEE scorecard as the shares they bought were collectively owned and did not vest in individuals, to whom dividends flowed...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.