BBBEE Rationale

 

For BBBEE to work properly consistency, visibility and clearer direction is needed. BEE initiatives to date have been characterized by:

Lack of understanding leading to inconsistent application and appreciation of B-BBEE

Lack of clarity resulting in delays in the implementation of B-BBEE initiatives

Disparity in Charter definitions and targets between various sectors of the economy

Lack of implementation guidelines resulting in ‘Most going to few’, ‘Fronting’ or ‘Sham’ transactions

Lack of underlying economic substance to many BEE transactions

Focus on narrow based BEE leading to a narrow base of beneficiaries

 

 

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