Black economic empowerment
Introduction
Mergers and acquisition activity continues to be driven by empowerment transactions. In view of the number of charters that have been formulated in various industry sectors, most companies view it as an imperative that they become empowered and are therefore focusing their attention on finding and concluding transactions with suitable empowerment partners. It is expected that this focus will continue for some time with South African companies and will to a greater or lesser extent replace traditional merger and acquisition opportunities.
With the market being driven by empowerment transactions, a corresponding need has arisen for innovative and creative structures to be developed in order to conclude empowerment transactions within the framework and limitations created by existing legislation, industry charters and the codes of good practice. Having been involved in significant and well reported empowerment transactions, the firm’s commercial team is able to propose and advise on innovative and creative structures.
The firm represents a number of credible empowerment groups across a broad spectrum and as a consequence is well placed to facilitate introduction to empowerment partners.
