Viability of a BBBEE employee share trusts : a case study of an engineering consulting frm

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dc.contributor.advisorShaw, Corrinneen_ZA
dc.contributor.authorRamplin, Richarden_ZA
dc.date.accessioned2016-07-18T12:49:45Z
dc.date.available2016-07-18T12:49:45Z
dc.date.issued2016en_ZA
dc.description.abstractThe 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?en_ZA
dc.identifier.apacitationRamplin, R. (2016). <i>Viability of a BBBEE employee share trusts : a case study of an engineering consulting frm</i>. (Thesis). University of Cape Town ,Faculty of Engineering & the Built Environment ,Department of Mechanical Engineering. Retrieved from http://hdl.handle.net/11427/20421en_ZA
dc.identifier.chicagocitationRamplin, Richard. <i>"Viability of a BBBEE employee share trusts : a case study of an engineering consulting frm."</i> Thesis., University of Cape Town ,Faculty of Engineering & the Built Environment ,Department of Mechanical Engineering, 2016. http://hdl.handle.net/11427/20421en_ZA
dc.identifier.citationRamplin, R. 2016. Viability of a BBBEE employee share trusts : a case study of an engineering consulting frm. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Ramplin, Richard AB - 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? DA - 2016 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2016 T1 - Viability of a BBBEE employee share trusts : a case study of an engineering consulting frm TI - Viability of a BBBEE employee share trusts : a case study of an engineering consulting frm UR - http://hdl.handle.net/11427/20421 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/20421
dc.identifier.vancouvercitationRamplin R. Viability of a BBBEE employee share trusts : a case study of an engineering consulting frm. [Thesis]. University of Cape Town ,Faculty of Engineering & the Built Environment ,Department of Mechanical Engineering, 2016 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/20421en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentDepartment of Mechanical Engineeringen_ZA
dc.publisher.facultyFaculty of Engineering and the Built Environment
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherEngineering Managementen_ZA
dc.titleViability of a BBBEE employee share trusts : a case study of an engineering consulting frmen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMPhilen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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