Case Study about The impact of Black Economic Empowerment (BEE) on South African businesses
Abstract: South African businesses need to adopt and comply with certain legislative measures aimed at black economic empowerment (BEE). BEE was introduced by the current ANC government in a bid to overcome the economic legacy of apartheid and to broaden participation in the economy, especially by those perceived to have been previously excluded or denied access. The Department of Trade and Industry (the dti) has been tasked with overseeing the implementation of BEE, and for this purpose has created a special BEE unit to regulate compliance and administer BEE scorecards. In an empirical survey, conducted in March/April of 2010 among the top local South African businesses ranging from small, medium to large multinational companies, the perceptions, thoughts and anticipations of 500 individual managers on the impact of BEE on ten selected dimensions of business performance were sought.
Introduction: Various aspects of South African society have undergone dramatic changes since the first non-racial, democratic elections on 27 April 1994. The African National Congress (ANC), the majority party in the 1994 elections and the subsequent three elections in 1999, 2004 and 2009, formed successive governments that have enacted legislative measures aimed at “overcoming the economic legacy of apartheid” and implementing “a strategy for broad-based black economic empowerment” (B-BBEE) (dti 2007a). Government has intervened to impose an array of mandatory regulations on South African businesses, which ostensibly influence their operational capabilities to effectively and efficiently compete in national and global markets. To gain a better understanding of the impact of B-BBEE on business performance, an empirical survey was conducted in March/April 2010 among the top local businesses ranging from small and medium enterprises to large multinational companies.
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