n Professional Accountant - Accounting implication of singing the "Do BEE do BEE do"-tune

Volume 2007 Number 1
  • ISSN : 1680-7537


"To be or not to be. That is the question" (William Shakespeare's famous words in Hamlet), can, in a South African context be rephrased to: "To BEE or not to BEE. That is the question". This question has perhaps been answered in the current South African history as, "Thou shall BEE!" Furthermore, Socrates said, "To be is to do", but according to Jean-Paul Sartre it should rather be: "To do is to be". Again this can be rephrased in South Africa to: "To BEE is to do", or "To do is to BEE". On the matter of "to be is to do'' or "to do is to be", Frank Sinatra had (according to Kurt Vonnegut, Jr) perhaps the final say with his ''Do be do be do"- tune. Whichever of these statements is closest to the truth is debatable, but one thing is certain, South African businesses have to "do the BEE". It is also not only the big listed companies that are involved in BEE deals, but also our local small businesses are affected by certain BEE requirements or targets. In "doing the BEE", companies have to consider various issues and are faced with many challenges. The purpose of this article is not to discuss various BEE structures or deals, but to highlight certain accounting implications when "doing the BEE" or signing the "do BEE do BEE do"- tune.

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