South African companies push empowerment forward

The massive shift of equity ownership needed in post-apartheid South Africa was always going to be a tough task. There will never be a template for deals, but a range of structuring and financing strategies are taking shape. Mark Brown reports from Johannesburg.

 Wiphold puts women centre stage |  Private equity and BEE

THE PHILOSOPHY OF the South African policy of Black Economic Empowerment (BEE) is simple. Execution is not so straightforward. Working out how best to get equity in businesses of all shapes and sizes into the hands of blacks, women and the republic’s other historically disadvantaged groups is part of the broader BEE process of giving them the capital, jobs, and skills to take part in entrepreneurship and wealth creation.

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