Sowetan Dialogue discussion hears that schemes available on JSE should be regarded as long-term investmentsYeboYetho RF company secretary Sameera Khan, left, and YeboYethu RF audit committee chairman Busi Silwanyana on the right, with host Alishia Seckam.
JSE Investor Services chief operating officer Carol Crozier said that raising awareness of the opportunities around BEE share schemes was a necessary conversation. Sameera Khan, the company secretary at YeboYethu, said BEE share schemes had been around for some years in SA and had seen some success. They provide previously disadvantaged South Africans with affordable access to companies in an effort to help SA become a financially inclusive country. Khan is a chartered accountant who has been responsible for corporate governance and statutory compliance at a number of companies, trusts and B-BBEE schemes over the years.
The more shares an individual holds, the higher their dividend payments, so an attractive option is to hold on to shares and derive the longer-term benefits.Chartered accountant Busi Silwanyana, chairman of the audit committee at YeboYethu, said BEE share schemes were open only to qualifying previously disadvantaged individuals and groups. Shareholders have to monitor the performance of their shares and ensure their details are up to date so that dividend payments can be made to them.
U mean growing unemployment bcos that's what BEE has done
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