Full Name (abbr.): Broad-Based Black Economic Empowerment
URL: http://www.dti.gov.za/bee/beehome.htm

Owners: Department of Trade and Industry (Actor Atlas page)

Target Groups: Public entities and enterprises, and all participants in the economy.

Baseline: An economy with insufficient participation of black people, women and rural or under-developed communities.

Blueprint: A South African economy that is restructured so as to enable the meaningful participation of black people, women and rural or under-developed communities in the mainstream economy, in a manner that has a positive impact on employment, income redistribution, structural re-adjustment and economic growth.

Progress

  • "The research conducted in July 2008 had shown that the overall impact of BEE remains modest. Less than 5% of Johannesburg Stock Exchange is owned by Black people. More than 75% of companies in the private sector are not BEE compliant. The level of compliance is eve worse when it came to the indirect elements of empowerment such as skills development and enterprise development procurement. The figure does not mean that companies have not made any effort in an attempt to be BEE compliant." Source: Minister Davies in an April 6, 2010 Media Release (link to DTI website)
  • In her "Business Fights Poverty" blog, Lauri Elliott (July 19, 2010) states: "Surprisingly, the South African Broad-Based Black Economic Empowerment (BBBEE) codes have transformed into a framework that is progressive and conducive to business, if understood. In fact, the framework can serve as a strategy that can be applied not only to South Africa, but to other developing countries. We like to call the strategy, “Creating Consumers and Capacity.”"

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