Black Economic Empowerment Transactions in South Africa after 1994

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dc.article.end-page44
dc.article.start-page1
dc.contributor.authorGqubule, Duma
dc.date.accessioned2022-11-02T09:29:11Z
dc.date.available2022-11-02T09:29:11Z
dc.date.issued2021-04
dc.departmentSouthern Centre for Inequality Studies (SCIS)
dc.description.abstractThis paper reviews the implementation of policies to deracialise ownership within the Top 50 JSE listed companies with a focus on mining and finance which accounted for 75% of black ownership within these companies at the end of December 2020. It looks at the context in which the policies were implemented – the performance of the economy and the restructuring of apartheid era conglomerates since 1994 that created opportunities for BEE companies. The paper then evaluates the three waves of BEE transactions over the past 27 years and the failures of the Broad-Based Black Economic Empowerment (B-BBEE) policy framework, which included the BEE Codes of Good Practice and sector charters in mining and finance. The paper discusses the confusing maze of statistics on black ownership and presents its own findings. The paper argues that prospects for further transformation of apartheid ownership structures are not good, with the economy likely to experience a second lost decade in terms of economic development until 2030, and due to policy design failures that have provided weak incentives for companies to enter into replacement BEE transactions.
dc.description.librarianES2022
dc.description.sponsorshipSouthern Centre for Inequality Studies (SCIS)
dc.description.sponsorshipUniversity of the Witwatersrand
dc.facultyFaculty of Commerce, Law and Management
dc.identifier.urihttps://hdl.handle.net/10539/33434
dc.language.isoen
dc.publisherSouthern Centre for Inequality Studies (SCIS)
dc.publisherUniversity of the Witwatersrand, Johannesburg
dc.relation.ispartofseriesSCIS Working Paper; 19
dc.rights©2021 Southern Centre for Inequality Studies (SCIS)
dc.schoolSouthern Centre for Inequality Studies (SCIS)
dc.subjectBlack Economic Empowerment
dc.subjectJSE listed companies
dc.subjectMining companies
dc.subjectFinance companies
dc.subjectBroad-Based Black Economic Empowerment (B-BBEE) policy framework
dc.subjectBEE Codes of Good Practice and sector charters in mining and finance
dc.titleBlack Economic Empowerment Transactions in South Africa after 1994
dc.typeWorking Paper
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