Can the efficacy of the Amended Broad-Based Black Economic(B-BBEE) Empowerment Act demonstrate its successful implementation

Abstract

The goal of this study was to explore whether the Broad Based Black Economic Empowerment Act would be effective if implemented successfully in organisations. To what extent has the implementation translated into transformation. The study shows that there are success stories of persons who have profited from the BBBEE Act's implementation as beneficiaries of some of the elements. Some of the township’s "black" residents were not completely aware of the Act and how it would help them. Moreover, the study shows that organisations with financial resources have designed clever ways to gain and attain the higher BEE contributor status despite their commitment to the "transformation" objective. Due to the small sample size, the research methodology's shortcomings make it more difficult to generalise the results. Also, there were stringent requirements to ensure that only those with relevant expertise and knowledge were interviewed. The focus of future research may be on assessing and measuring the consequences of socioeconomic development as one of the components of the scorecard in any organisation. This would make it easier to determine whether transformation has occurred.