Musth Capital (Pty) Ltd  ·  FSP 49558  ·  Category II
info@tusker.co.za · +27 83 274 8678
Category II FSP · Licence 49558

BEE ownership,
structured as a managed mandate.

Tusker designs, structures and manages bespoke B-BBEE ownership transactions for South African corporates, multinationals, QSEs and EMEs — from initial structuring through years of mandated oversight. Nine years in the market. Zero client churn.

Licence FSP 49558
Category Cat II
Founded 2017
Under management R1.5bn +
Client churn Zero
01 / THE QUESTIONS

What your board will ask you.

Every exec walking into a B-BBEE ownership discussion brings four questions. They are fair questions. We lead with honest answers.

Q.01

Is this legitimate?

Our approach has passed annual scrutiny by the B-BBEE Commission and each client's verification agents, every year since 2017. We welcome review by your attorneys, accountants and advisors.

Q.02

What do I lose?

Control stays with you. Cashflows are known in advance. Clear legal agreements, without "gotchas". If B-BBEE is ever scrapped, the contract ends and the business remains yours.

Q.03

What will it cost?

Priced per point on the scorecard in line with other elements — but with materially more strategic value per rand. Bespoke per client; mandated, not transactional.

Q.04

Who else has done this?

Over R1.5 billion of B-BBEE equity currently under Tusker mandate. Nine years of verification history. Zero clients have left since inception. Named composites and references available on request, under NDA.

02 / THE MANDATE

Ownership, managed — not transacted and forgotten.

Most B-BBEE ownership deals are structured once, signed, then left to age badly against the scorecard. Tusker treats ownership as a long-horizon investment relationship: designed properly, governed properly, and accounted for properly, every year.

F.01

You remain the ultimate owner.

Control of strategy, appointments, cashflow and exit stays with you. Our mandate is discretionary over the B-BBEE instrument, not over your business.

F.02

Cashflows known in advance.

No surprises. No "given away" equity. The economic effect of the structure is modelled before you sign — and audited to the same model every year after.

F.03

Passes verification, annually.

B-BBEE Commission review and client verification-agent review every year since 2017. No adverse findings. We engage your verification team directly.

F.04

Tax-efficient by design.

No CGT triggered by the ownership structure itself. Often the right moment to offshore a business, if that aligns with your strategy.

F.05

Moves at your pace.

Fastest concluded mandate: one week. Typical: three to six months. The pace is set by governance sign-off on your side, not by us.

F.06

Reversible, if policy changes.

If the B-BBEE framework is ever repealed, the mandate terminates and ownership reverts. The structure is designed to end cleanly — by intention, not by accident.

03 / THE NUMBERS

Does B-BBEE ownership make financial sense for your business?

Find out in under three minutes. Our calculator models the revenue at risk from preferential-procurement premiums, the cost of inaction against your competitors' ownership scores, and the valuation uplift a +8 PP ownership gain typically delivers.

Open the ROI calculator
Ownership lift
+8 PP
Typical scorecard points gained on the ownership element.
Deal window
1 wk–6 mo
From mandate to verified structure, paced to governance.
Under management
R1.5 bn
B-BBEE equity across current client mandates.
Track record
9 years
Continuous FSP-licensed operation since 2017. Zero client churn.
04 / WHO WE WORK WITH

South African businesses of any size — and the advisors who bring them.

The structural question is the same whether you are turning over eight figures or eleven. The contours — governance, financing, tax, speed — are not. We scale the same core mandate across four client archetypes.

For multinationals

An alternative to the Equity Equivalent Investment Programme.

EEIP requires bespoke DTIC negotiation and is available only to foreign-controlled entities. Our mandate achieves comparable empowerment effect, is open to any business, and is meaningfully faster and less costly to stand up. We work directly with your local and foreign boards, your tax advisors, your legal reviewers and your verification agents.

Foreign-controlled · Any turnover
Generic > R50m

Large corporates with serious governance.

Most of our clients sit here. We build a file that withstands board, shareholder and verification-agent scrutiny — modelled cashflows, tax opinion, legal review, scorecard math. We'll demonstrate the ROI per point against other scorecard elements and walk your committee through it line by line.

Generic · R50m+ turnover
QSE · R10–50m

The middle of the economy.

Owner-led. Decisions move faster. Our same core structure — battle-tested with the multinationals — is streamlined for QSEs with materially lower admin overhead. Reaching 51% ownership automatically lifts a QSE to Level 2 with no further scorecard spend required until you cross R50m.

Qualifying Small Enterprise
EME · < R10m

Standardised, fast, cost-effective.

Tusker was founded in 2017 by entrepreneurs who had solved B-BBEE ownership inside their own businesses. For EMEs we package the structure into standardised legals with fixed, low-overhead pricing. 51% ownership takes an EME to Level 2 automatically — a real growth accelerant.

Exempted Micro Enterprise
Advisors

Clean referrals, generous economics, no surprises.

Many of our mandates arrive via attorneys, accountants, BEE consultants and corporate advisors who have seen the structure work for another client. We formalise referral economics, keep you in the loop through the engagement, and never compete with your primary relationship.

Attorneys · Accountants · Consultants
Not sure where you fit?

Start with the calculator.

The ROI tool determines your B-BBEE category from your turnover, models the revenue at risk from your current score, and returns a conservative view of the uplift a Tusker mandate would deliver. Three minutes. No email required to see the result.

05 / THE GUIDE

The B-BBEE Ownership Guide.

Eight years of lessons from inside the market, distilled into a practical field guide for execs and advisors. Scorecards and Codes, the preferential-procurement premium, each ownership method and where it fits, sector-specific rules, financing structures, verification and what to expect — the book we wish we'd had in 2017.

Codes 2015 Proposed Codes 2026 Sector Codes Financing Verification
06 / IN CLIENTS' WORDS

Anonymised, on purpose.

Confidentiality is a baseline of this market, not a marketing feature. Quotes below are composites drawn from real client engagements. Named references are available post-NDA to qualified parties.

Tusker have been our B-BBEE ownership partner for over six years. Their team is professional, our business is more competitive, and verification has been a non-event every year.
— B. CEO · Advertising · Generic
As a multinational where selling equity locally is impossible, Tusker was by far the best solution for our B-BBEE problem. Meaningful empowerment without the EEIP process.
— M. MD · Industrial · Foreign-controlled
We looked for a credible structure for a long time before choosing Tusker. Our BEE consultants and verification agents approve of the approach and the ownership points have stuck.
— R. Director · Wine Merchant · QSE
Our attorneys recommended Tusker and we're glad they did. Cost-effective ownership compliance without compromising on legitimacy. That combination is rare.
— M. CFO · Industrial · Generic
I'm a CA and I was hesitant to do a B-BBEE ownership deal. The Tusker approach adds value to what I do and leaves me to do it. The structure thinks the way I do about equity.
— G. MD · Healthcare Supplier · QSE
In events, nearly every buyer insists on B-BBEE. Tusker has made compliance simple and legitimate for us — no theatre, no "fronting" risk, and the paperwork is tight.
— D. MD · Events · Generic
07 / NEXT

Start with a short conversation.

Three paths in: run the ROI calculator, download the Ownership Guide, or send a direct note. A partner will reply personally within one business day.