BEE Partner, South Africa Economy Watch

An economic BEE transformation is a business necessity as a consequence of the following imperatives:

A moral imperative: The National Party came to power in 198 implemented the policy of apartheid. Economic repression led 4 to the expropriation of black property not already expropriated under the Land Act. There was widespread exclusion from the economy on the basis of race. In addition, white capitalists exploited black labour. Read the rest of this entry »

Empowerment has been defined by the government as ‘an integrated and coherent socio-economic process that directly contributes to the economic transformation of South Africa and brings about significant increases in the number of black people that manage, own and control the country’s economy, as well as significant decreases in income inequalities:’ Read the rest of this entry »

In legal terms, the beneficiaries of BEE are ‘black people’, which, according to the Broad-Based BEE Act (the BBBEE Act, or BEE Act), is ‘a generic term which means Africans, Coloureds and Indians’^. Read the rest of this entry »