{"id":1067,"date":"2023-11-07T16:23:08","date_gmt":"2023-11-07T15:23:08","guid":{"rendered":"https:\/\/dialog-unlocked.ch\/employee-share-plans-around-the-world-south-africa-4\/"},"modified":"2023-11-07T16:24:38","modified_gmt":"2023-11-07T15:24:38","slug":"employee-share-plans-around-the-world-south-africa-4","status":"publish","type":"post","link":"https:\/\/dialog-unlocked.ch\/en\/employee-share-plans-around-the-world-south-africa-4\/","title":{"rendered":"Employee Share Plans around the World: South Africa"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-bottom:33px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-blend:overlay;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p style=\"font-weight: 400;\">Update September 2023: The offering of employee share plans in South Africa is subject to various requirements. On the foreign exchange control side, there are reporting obligations towards the local authorities (Finsurv). With respect to securities law, a number of topics need to be considered:<\/p>\n<ul>\n<li style=\"font-weight: 400;\">Where employees have to pay a purchase \/ exercise price to acquire shares, a \u201csmall offering\u201d exemption may apply (in a nutshell: single offering to fewer than 50 persons in a 12-month period with a value of max. ZAR 1m); if such exemption is not available, a compliance officer for the scheme needs to be appointed, and there are various reporting and procedural obligations to be complied with.<\/li>\n<li style=\"font-weight: 400;\">In case of free share awards (PSUs, RSUs, etc.), the \u201csmall offering\u201d exemption may not be available, and the aforementioned reporting and procedural obligations may apply; companies may want to consider granting a cash-settled alternative to participants in South Africa, in which case the local securities law requirements would not apply.<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">For questions or support, please <a href=\"mailto:info@dialog-unlocked.ch\">contact<\/a> us.<\/p>\n<\/div><div class=\"fusion-text fusion-text-2\" style=\"--awb-font-size:10px;\"><p class=\"fusion-responsive-typography-calculated\" data-fontsize=\"20\" data-lineheight=\"24px\">Photo: Finding Dan, Dan Grinwis, Unsplash<\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":781,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-unkategorisiert"],"_links":{"self":[{"href":"https:\/\/dialog-unlocked.ch\/en\/wp-json\/wp\/v2\/posts\/1067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dialog-unlocked.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dialog-unlocked.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dialog-unlocked.ch\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dialog-unlocked.ch\/en\/wp-json\/wp\/v2\/comments?post=1067"}],"version-history":[{"count":1,"href":"https:\/\/dialog-unlocked.ch\/en\/wp-json\/wp\/v2\/posts\/1067\/revisions"}],"predecessor-version":[{"id":1068,"href":"https:\/\/dialog-unlocked.ch\/en\/wp-json\/wp\/v2\/posts\/1067\/revisions\/1068"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dialog-unlocked.ch\/en\/wp-json\/wp\/v2\/media\/781"}],"wp:attachment":[{"href":"https:\/\/dialog-unlocked.ch\/en\/wp-json\/wp\/v2\/media?parent=1067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dialog-unlocked.ch\/en\/wp-json\/wp\/v2\/categories?post=1067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dialog-unlocked.ch\/en\/wp-json\/wp\/v2\/tags?post=1067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}