Broad-based Schemes

 

Broad-based ownership schemes as part of a company’s ownership structure, can allow the company to make a significant contribution to the upliftment of previously disadvantaged communities in South Africa.

 

To prevent abuse, the Department of Trade and Industry has placed onerous structural and governance criteria on the setting up and ongoing management of these schemes.

 

Ownership Solutions has over fives years’ experience in both setting up and managing such schemes. We also consult extensively on updating company’s existing charitable trusts to meet the dti’s new BEE codes 100 criteria.

 

Our services include:

• Feasibility of broad-based schemes in your ownership structure;
• Best options in terms of governance, beneficiary profile and administration costs for your company;
• Selection and management of potential beneficiaries;
• Selection of trustees;
• Drafting of trust deeds;
• All trust secretarial work;
• Full administration of broad-based trusts.