9 JUNE 2021 – SAVCA EVENT: Legislation on Trusts, Employee Schemes, Broad-Based Schemes Released
SAVCA in collaboration with Alternative Prosperity will be hosting a complimentary online Briefing Bulletin to explain the Practice Note on Broad-Based Schemes, Employee Share Ownership Programmes, and Trusts that was gazetted on 18 May 2021 by the Department of Trade, Industry, and Competition.
CLICK HERE TO WATCH THE BRIEFING BULLETIN
CLICK HERE TO DOWNLOAD THE PRESENTATION
The long-awaited Practice Note clarifying the rules for:
Broad-Based Schemes,
Employee Share Ownership Programmes,
Trade Unions,
Not for Profit Companies,
Co-operatives,
Trusts,
The session will take place on Wednesday 9 June from 9:00 – 10:00. We will be joined by Eric Ackroyd, a B-BBEE Ownership Specialist at Alternative Prosperity.
Clarifications focus on:
Definition of beneficiaries,
Evergreen nature of schemes,
Discretion of fiduciaries,
Nature of distributions,
And other key controversial aspects.