Funding structure efficiency and empowerment success: a Broad Based Economic Empowerment study

Plaatjies, Emuron
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Black Economic Empowerment (“BEE”) or Broad Based Black Economic Empowerment (BBBEE) is an important socio economic tool that the South African government established to achieve its transformational objectives. BBBEE is meant to assist in growing the economy, decrease economic and other social inequalities and to introduce more black people in the mainstream economy of South Africa. The transformation strategies such as BBBEE and employment equity seek to redress economic imbalances created by the previous apartheid regime. BBBEE as an implemented policy has contributed in levelling the playing field by creating vast opportunities for the previously disadvantaged. Positive spin offs that have been realised in an effort to address economic and social imbalances are discussed in the paper The paper seeks to demonstrate the progress made in South Africa by the BBBEE act and the efforts of corporate South Africa. It further highlights successes of BBBEE deals implemented recently and analyse how these empowerment deals were structured. Chapter 4 focuses on the analysis of specific BBBEE investments with reference to specific landmark broad based deals concluded in the recent past. The efficiency of the funding structures of these BBBEE deals is also analysed. Finally chapter 5 concludes by providing an overview of the findings in analysing the efficiency of BBBEE funding structures
Thesis (M.M. (Finance & Investment))--University of the Witwatersrand, Faculty of Commerce, Law and Management, Graduate School of Business Administration, 2014.