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Viability of a BBBEE employee share trusts : a case study of an engineering consulting frm
The Broad Based Black Economic Empowerment (BBBEE) policy was created as part of the South African government's drive to correct the inequalities created by the previous apartheid government. This policy rewards companies for empowering previously disadvantaged individuals (PDI's). This empowerment...
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| Format: | Thesis |
| Language: | English |
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Department of Mechanical Engineering
2016
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| _version_ | 1867613290983587840 |
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| access_status_str | Open Access |
| author | Ramplin, Richard |
| author2 | Shaw, Corrinne |
| author_browse | Ramplin, Richard Shaw, Corrinne |
| author_facet | Shaw, Corrinne Ramplin, Richard |
| author_sort | Ramplin, Richard |
| collection | Thesis |
| description | The Broad Based Black Economic Empowerment (BBBEE) policy was created as part of the South African government's drive to correct the inequalities created by the previous apartheid government. This policy rewards companies for empowering previously disadvantaged individuals (PDI's). This empowerment impacts on the ownership of companies with some companies opting to award shares that are held in a trust for employee owners. One such company is the Red Hat Company of South Africa (RHCSA) who created an employee share trust, the Red Hat Employee Share Trust (RHEST). RHEST owns 30% of the company shares with all PDI employees within the company as beneficiaries of the trust. In any year where ordinary company dividends are declared, 30% of all such dividends are paid into the trust and distributed using a scoring system. Since its inception there have been various problems and issues within the RHEST. Beneficiaries indicated that they were unhappy with many of the structures and policies in place. The question this research study seeks to answer is: What interventions can be introduced into the RHEST to make the system more feasible for the stakeholders? |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/20421 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:33:48.261Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2016 |
| publishDateRange | 2016 |
| publishDateSort | 2016 |
| publisher | Department of Mechanical Engineering |
| publisherStr | Department of Mechanical Engineering |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/20421 Viability of a BBBEE employee share trusts : a case study of an engineering consulting frm Ramplin, Richard Shaw, Corrinne Engineering Management The Broad Based Black Economic Empowerment (BBBEE) policy was created as part of the South African government's drive to correct the inequalities created by the previous apartheid government. This policy rewards companies for empowering previously disadvantaged individuals (PDI's). This empowerment impacts on the ownership of companies with some companies opting to award shares that are held in a trust for employee owners. One such company is the Red Hat Company of South Africa (RHCSA) who created an employee share trust, the Red Hat Employee Share Trust (RHEST). RHEST owns 30% of the company shares with all PDI employees within the company as beneficiaries of the trust. In any year where ordinary company dividends are declared, 30% of all such dividends are paid into the trust and distributed using a scoring system. Since its inception there have been various problems and issues within the RHEST. Beneficiaries indicated that they were unhappy with many of the structures and policies in place. The question this research study seeks to answer is: What interventions can be introduced into the RHEST to make the system more feasible for the stakeholders? 2016-07-18T12:49:45Z 2016-07-18T12:49:45Z 2016 Master Thesis Masters MPhil http://hdl.handle.net/11427/20421 eng application/pdf Department of Mechanical Engineering Faculty of Engineering and the Built Environment University of Cape Town |
| spellingShingle | Engineering Management Ramplin, Richard Viability of a BBBEE employee share trusts : a case study of an engineering consulting frm |
| thesis_degree_str | Master's |
| title | Viability of a BBBEE employee share trusts : a case study of an engineering consulting frm |
| title_full | Viability of a BBBEE employee share trusts : a case study of an engineering consulting frm |
| title_fullStr | Viability of a BBBEE employee share trusts : a case study of an engineering consulting frm |
| title_full_unstemmed | Viability of a BBBEE employee share trusts : a case study of an engineering consulting frm |
| title_short | Viability of a BBBEE employee share trusts : a case study of an engineering consulting frm |
| title_sort | viability of a bbbee employee share trusts a case study of an engineering consulting frm |
| topic | Engineering Management |
| url | http://hdl.handle.net/11427/20421 |
| work_keys_str_mv | AT ramplinrichard viabilityofabbbeeemployeesharetrustsacasestudyofanengineeringconsultingfrm |