Analyses & Studies

LEX Africa: Minister Patel clarifies his views on ESOP and Broad Based Ownership Schemes but uncertainty continues

The Minister of Trade and Industry, Ebrahim Patel, clarified his views on ESOPs and Broad-Based Ownership Schemes ("BBOS")

'A new Broad-Based Black Economic Empowerment ("BBBEE") initiative was announced by Coca Cola on 5 February 2021. The initiative involves an Employee Share Ownership Programme (''ESOP"). At the announcement, the Minister of Trade and Industry, Ebrahim Patel, clarified his views on ESOPs and Broad-Based Ownership Schemes ("BBOS")'. 

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About LEX Africa

LEX Africa is a legal network of leading law firms in over 25 African countries and is Africa’s largest legal alliance. Each member is an independent law firm whose key specialist focus is on general corporate and commercial law as well as litigation and dispute resolution.

 

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