Substantive Equality and the Beneficiaries of Broad-Based Black Economic Empowerment
Journal of Contemporary Roman-Dutch Law, Vol. 80, p. 390-411, 2017
22 Pages Posted: 12 Dec 2017
Date Written: August 9, 2017
The adoption of the Broad-Based Black Economic Empowerment (B-BBEE) programme stemmed from a general concern regarding the limited scope and selective beneficial impact of the first phase of black economic empowerment (BEE), which mainly consisted of large equity transactions and a focus on ownership transformation. BEE in the latter sense was visualised as a means of redress for the massive and on-going racial inequality regarding ownership and control of production and distribution in the economy. The current broader-based programme seeks to advance black socio-economic empowerment in a more structurally comprehensive way through the different elements contained in the BEE scorecard. By moving beyond the initial emphasis on ownership reform, the B-BBEE programme aspires to realise socio-economic transformation on a wider front to include support for employment equity and the development of typically-excluded geographical areas by means of an emphasis on rural development.
Keywords: Black Economic Empowerment, Broad-Based Black Economic Empowerment, Ownership Transformation, Employment Equity
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