BLACK ECONOMIC EMPOWERMENT

MILES ATTORNEYS INC. is committed to Broad Based Black Economic Empowerment and transformation in South Africa. The firm actively takes steps to advance empowerment within the community at large and continuously cultivates such ethos and values together with its partners and service providers.



Our BEE Transaction Advisory Services Department is designed as a resource for business to gain an understanding of the SA government strategy and policy on Broad Based BEE; Compliance requirements, the interaction between Codes and Charters and the relevant legislative issues in structuring and financing BEE transactions.



Government’s active role in driving the pace of BEE transformation in South Africa, means it is essential for corporate SA to familiarise itself with the strategies needed to ensure that Broad Based BEE is achieved by 2014. This momentum has been catalytic in the consummation of numerous BEE corporate transactions. However there are numerous pitfalls and advantages that must be clearly understood when structuring any BEE transaction.



It is paramount for commerce to fully appreciate all the pertinent issues of BEE implementation; namely qualification criteria; how government will apply BEE in regulating commerce; the impact on public procurement; how self-regulation works; the various enterprise definitions; and the fundamental empowerment measurements