Employee Ownership and Broad-Based Black Economic Empowerment in South Africa - A Discussion - CLEO Skip to main content


This exploration of how employee ownership fits within South Africa’s Broad-Based Black Economic Empowerment framework was presented as part of the “Employee Ownership in South Africa” session at the 2023 Kelso Workshop. The interview of Shaun Smit,  a transaction advisor with Transcend advisors in South Africa, was conducted by Graeme Nutall OBE, Fieldfisher Partner and author of The Nuttall Review of Employee Ownership report that formed the basis for expanding employee ownership trusts in the United Kingdom. Other presenters at the session were Dr. Logan Rangasamy, Academic Director of Wits Business School in Johannesburg, and Tendani Nelwamando, founder of the Southern Africa Employee Ownership Association.