Employee Share Ownership Plans (ESOPs) are playing an increasing role in promoting employee ownership and economic inclusion, while also helping companies meet Black Economic Empowerment (BEE) goals. While ESOPs give employees a stake in the business, aligning their interests with
South African companies grapple with skills shortages, underwhelming profitability, and complex B-BBEE ownership requirements. In this insightful article, Shaun Smit, Director at Transcend Capital, delves into how Employee Share Ownership Plans (ESOPs) can effectively attract and retain top talent, enhance
Moneyweb interview: How can Employee Share Ownership Plans (ESOPs) go beyond ticking the compliance box and become a true driver of economic growth? The key lies in aligning employees, managers, and shareholders to create meaningful, long-term value across industries. Bruce
Published in Daily Maverick: Employee share ownership plans have been underused as a strategy to galvanise economic growth in South Africa. They can be a mechanism to drive inclusive economic growth while broadening the reach and impact of black-based economic
Published in the Daily Maverick: South Africa’s new Government of National Unity presents a significant opportunity to drive policy that encourages more employee share ownership. Employee share ownership has been a successful element of black economic empowerment (BEE) and almost
For many multinational companies, investing in South Africa can challenge even the most experienced international teams in novel ways. Specifically, a multinational that has identified a South African company to acquire, and that is in the process of evaluating or
Published in SAICA magazine: Employee Share Ownership Plans (ESOP’s) have become increasingly common for multinational, listed and unlisted companies operating in South Africa as a way to attract, retain and reward their employees. ESOP’s can also be effective mechanisms to
Multinationals operating in South Africa must have a Black Economic Empowerment (BEE) status that enables them to sustainably compete, generate profits, and create value.
Employee Share Ownership Plans (ESOPs) involve providing targeted employees with an ownership stake in their employing company.
Large multinational transactions that require Competition Commission approval can benefit greatly from the inclusion of Employee Share Ownership Plans (“ESOPs”), which can serve to address the public interest considerations of the Competition Commission and to provide other benefits to the
ESOPs (Employee Share Ownership Plans) involve enabling employees to share in ownership of the company they work in. Employee ownership is gaining momentum in South Africa as more companies recognise the benefits it offers. These include improved business performance, better
Research indicates that when employees feel a sense of ownership in the organisation they work for, they have increased job satisfaction and show more commitment and loyalty which then leads to improved productivity, innovation and profitability. It’s for this reason
Companies in South Africa can recognise ownership points on their BEE scorecard by selling a property, business or subsidiary to Black investors.
The recent decision of the Competition Commission to block the proposed acquisition of Burger King in South Africa by a US-based private equity firm has sparked intense debate.
The Minister of Trade, Industry and Competition has on Tuesday 18 May 2021 published a Practice Note on discretionary Collective Enterprises, such as employee share ownership plans (ESOPs) and broad-based ownership schemes (BBOS).
