By Samir Ellary, partner, Bowmans, Johannesburg

On 18 May 2021, the Minister of Trade, Industry and Competition (Minister) published a Practice Note in terms of the Broad-Based Black Economic Empowerment Act 53 of 2003 (B-BBEE Act) on the Rules for Discretionary Collective Enterprises (Practice Note).

The Practice Note provides much needed clarity on the Minister’s interpretation of the requirements under the B-BBEE A...