BEE Partner, South Africa Economy Watch

Much has happened in the BEE arena in the past weeks, as well as the country.

Where is BEE going?

Many people have asked me this question in the past two weeks. We do not see the B-BBEE act being rescinded when a new president takes office. We do see the codes of good practice being adjusted over time, but not immediately, and not significantly. We do see the codes eventually being reconciled with other transformation efforts, e.g. the PPPFA, the mining act etc, but we do not see that “BEE will go away”. I expect and hope that more emphasis will be placed on job creation, enterprise development and skills development. Read the rest of this entry »