BROAD-BASED BLACK ECONOMIC EMPOWERMENT (BEE)

Broad-based black economic empowerment (BEE) has been a central part of government’s economic transformation strategy for a number of years and is likely to remain so for 2009.  The main purpose of BEE is to increase the number black people that manage, own and control the country’s economy and as a result, to reduce income inequalities and to contribute to economic transformation in South Africa.