More than a tick-box: How B-BBEE can make or break a deal

Advisers in the mergers and acquisitions (“M&A”) sphere are often inclined to treat Broad-Based Black Economic Empowerment (“B-BBEE”) as a compliance line item, an issue to be verified during due diligence, reflected in a warranty schedule, and otherwise left at the periphery of a transaction. The Competition Tribunal’s decision in ECP Africa Fund IV LLC […]