After 15 years of B-BBBEE – and ample opportunity to consider the evidence – it is time to reach a verdict.
You are invited to attend a working group discussion on Broad-based Black Economic Empowerment – with a focus on examining its foundations, evaluating its performance, and exploring what appears to be a new phase in its development.
BEE has long been a mainstay of South African policy – and its empowering statutes and regulations are frequently updated, expanded and applied. 2019 is the fifteenth year since the proclamation of the Broad-Based Black Economic Empowerment Act by then president Thabo Mbeki in 2004, after a report produced by now president Cyril Ramaphosa (then chairperson of the president’s Black Economic Empowerment Commission).
Despite its storied history, little critical reflection on B-BBEE and its role in South African law, economics and society has been undertaken by Government, despite growing concern in civil society and the private sector. Recent developments, such as changes to the Competition Act, proposals contained in the Companies Amendment Act, and a significant number of further regulatory developments which all involve expansion of BEE beyond the B-BBEE Act, underscore the urgency of at long last thoroughly evaluating B-BBEE.
Sakeliga invites you to our working group discussion on B-BBEE. Topics will include the history of B-BBEE, economic considerations, international comparison, the extensive range of recent legislative developments, and, finally, a critical evaluation and recommendations.
Sakeliga will apply the input from the working group to further our research in the matter and produce a final report in due course, and we look forward to collaboration with other researchers and interested parties. A working paper for discussion purposes will be emailed to participants after registration, but before the event.
Date: Wednesday, 27 March 2019
Time: 08:30 – 12:00
Venue: Sakeliga Head Office, 117 Gerhard St, Centurion, 0163.