LEGAL PRACTITIONERS and Other Service Providers!

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WELCOME. SIYAKWAMUKELA.
WAMKELEKILE. WELKOM.

This is your FIRST STEP if you are looking for legal or professional support. We:

  • Guarantee a response within 1 working hour,
  • Are uncomplicated, friendly and professional,
  • Our fees are sensitive to the South African economy,
  • Have a team of professionals in all major Cities,
  • Function with integrity, attention to detail and are objective driven,
  • Use technology, innovation and internal processes to streamline your experience,
  • Strive to improve the sector we operate in.

 

SERVICES | AMASEVISI

In our ‘team’ we have Legal Practitioners (Lawyers & Attorneys) and other Professionals who offer parallel solutions. Our website menu items LEGAL PRACTITIONERS and OTHER PROFESSIONALS offer a summary of services and will help you decide which type of service provider to use. Please review both pages. Afterwards, if you are still not sure who to use please ask for guidance using the Immediate Action Form on the Contacts Page.

 

FREE OR FEE? SIMAHLA OKANYE UHLAWULE?

For free services you could engage with an organization such as legal-aid.co.za or visit justice.gov.za for free information. Depending on your issue any of the following organizations might be appropriate and mandated to help for free:

  • The National Consumer Commission,
  • CGSO,
  • CCMA,
  • Housing Tribunal,
  • For insurance or banking issues, you should contact the appropriate ombudsman.

If you are looking to hire a Professional we guarantee that the fees quoted will be reasonable and you will not be charged anything until you have accepted a quote or entered into an engagement letter. Payment options will be communicated and might include hourly, per project, fixed rate or retainer. See a Cost Guideline HERE. The use of a Legal Practitioner or Court should be engaged with only once you have exhausted all amicable and free options, or if the matter at hand needs legal guidance and an expert to expedite a solution.

E-CONSULTS

An E-Consult is an effective way to receive expedited support for select, once off or ad hoc matters. Please visit the menu item for more information on this process. CLICK HERE

 

OPERATIONAL DAYS & TIMES

South African Working days. No public holidays.

  • Monday-Thursday from 09h00-13h00 and 14h00-16h00.
  • Friday 09h00-13h00.

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B-BBEE Trusts

In South Africa, Broad-Based Black Economic Empowerment (B-BBEE) trusts are a way for businesses to promote economic inclusion and transformation by involving black individuals in their ownership and decision-making processes. Here’s a simple and friendly guide on how B-BBEE trusts work:

Purpose: B-BBEE trusts aim to transfer ownership and control of a portion of a company to black beneficiaries. This helps address historical inequalities and promote economic empowerment within the black community.

Formation: A company establishes a B-BBEE trust by creating a trust deed outlining the trust's purpose, beneficiaries, and governance structure. The company then transfers shares or assets to the trust, making it the legal owner.

Beneficiaries: B-BBEE trusts typically have black individuals or groups as beneficiaries. These beneficiaries may include employees, community members, or other designated groups within the black community.

Trust Governance: The trust is managed by trustees who oversee its operations and ensure that it fulfils its objectives. Trustees have a fiduciary duty to act in the best interests of the beneficiaries and comply with relevant laws and regulations.

Ownership and Voting Rights: Although the trust owns the shares or assets, the beneficiaries ultimately benefit from the economic value and may receive dividends or other distributions. In some cases, the trust may also exercise voting rights on behalf of the beneficiaries.

B-BBEE Scorecard: Companies that establish B-BBEE trusts can earn points on their B-BBEE scorecard, which measures their compliance with government empowerment initiatives. This can enhance their competitiveness for government contracts and partnerships with other businesses.

Reporting and Compliance: Companies must report on their B-BBEE initiatives, including the activities and performance of B-BBEE trusts, to regulatory authorities. Compliance ensures transparency and accountability in promoting economic empowerment.

By establishing B-BBEE trusts, businesses can contribute to South Africa's transformation agenda while also benefiting from enhanced competitiveness and social impact. It's a win-win approach that fosters inclusive economic growth and opportunity.

Contact a LAWYER or ATTORNEY for BBBEE TRUSTS. RESPONSE WITHIN 1 HOUR. Phone or whatsapp: +27728038740, Email action@lawyers-online.co.za, or use our Immediate Action Request Form. EXCEPTIONAL CLIENT CARE.

The information on this page is not legal advice. Please engage with our team so we can assign your request to a Legal Practitioner. We look forward to being of service.

B-BBEE Trusts