Entering the South African economy as a foreign multinational can be a daunting task. However, amidst the challenges, there are abundant opportunities and benefits if your strategy is implemented correctly.
South Africa, often referred to as the “business gateway to the continent,” boasts a well-developed economy and a globally renowned financial sector. However, it is crucial to navigate the extensive and unique legislation and policies adopted by the government to drive changes in the racial construct of our economy. The government is resolute in transforming the flow of wealth within the country and is committed to an aggressive agenda to fundamentally reshape its economic drivers.
The Codes of Good Practice for Broad-Based Black Economic Empowerment (B-BBEE) have undergone extensive development over the past decade, with significant revisions in both 2013 and 2019. B-BBEE is not a new concept, and it is here to stay until the core objectives are achieved.
Operating in South Africa entails various dimensions that can influence business feasibility. It is crucial for interested multinationals to be well-versed in the challenges and opportunities to effectively manage risks.
Should acquiring a local company with an established client base, management team, and organizational structure be the most viable option, Gestalt Consult is here to assist multinational clients. We specialize in finding the right local business for acquisition, along with identifying the strategically-correct black-owned partner or business collaborator to facilitate the process of BEE compliance within the new local business.
Partner with Gestalt Consult to navigate the complexities of B-BBEE ownership for multinationals and foreign companies in South Africa. Our expertise and tailored solutions will ensure that your entry into the South African market aligns with compliance requirements and strategic objectives. Contact us today to explore the possibilities and seize the potential that South Africa holds for your business.
Quick Contact Form
B-BBEE Services
We offer a range of services from BEE assessments, compliance and consulting through to strategy and implementation.
