black economic empowerment

E633913

affirmative action programme economic empowerment policy government policy framework

Black economic empowerment is a South African government-driven policy framework aimed at redressing the inequalities of apartheid by increasing the participation and ownership of black people in the country’s economy.

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Observed surface forms (1)

Surface form	Occurrences
Black Economic Empowerment	2

Statements (49)

Predicate	Object
instanceOf	affirmative action programme ⓘ economic empowerment policy ⓘ government policy framework ⓘ
affects	licensing in regulated sectors in South Africa ⓘ public procurement in South Africa ⓘ state contracts in South Africa ⓘ
aimsTo	increase black ownership in the economy ⓘ increase participation of black people in the economy ⓘ redress economic inequalities created by apartheid ⓘ
alsoKnownAs	BEE NERFINISHED ⓘ Black Economic Empowerment policy NERFINISHED ⓘ
appliesTo	private sector companies in South Africa ⓘ state-owned enterprises in South Africa ⓘ
associatedWith	African National Congress NERFINISHED ⓘ
component	enterprise and supplier development element ⓘ management control element ⓘ ownership element ⓘ skills development element ⓘ socio-economic development element ⓘ
country	South Africa ⓘ
criticisedFor	benefiting a small politically connected elite ⓘ encouraging fronting practices ⓘ potential negative impact on investment climate ⓘ
defendedAs	necessary to correct historical injustices ⓘ
goal	create a black middle class ⓘ increase black ownership of productive assets ⓘ promote inclusive economic growth ⓘ
hasDimension	broad-based BEE ⓘ narrow-based BEE ⓘ
implementedThrough	B-BBEE Codes of Good Practice NERFINISHED ⓘ
influences	corporate governance practices in South Africa ⓘ mergers and acquisitions in South Africa ⓘ ownership structures of South African firms ⓘ
introducedBy	Government of South Africa NERFINISHED ⓘ
legalBasis	Broad-Based Black Economic Empowerment Act, 2003 NERFINISHED ⓘ
monitoredBy	Department of Trade, Industry and Competition of South Africa NERFINISHED ⓘ
policyArea	economic policy ⓘ employment equity ⓘ industrial policy ⓘ redistributive policy ⓘ
relatedConcept	Broad-Based Black Economic Empowerment NERFINISHED ⓘ Employment Equity Act of South Africa NERFINISHED ⓘ land reform in South Africa ⓘ
startPeriod	post-apartheid era ⓘ
targetGroup	Black people in South Africa ⓘ Chinese people classified as black under BEE in South Africa ⓘ Coloured people in South Africa ⓘ Indian people in South Africa ⓘ
usesInstrument	B-BBEE scorecard ⓘ

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

South African elite families → associatedConcept → black economic empowerment ⓘ

Tripartite Alliance → supports → black economic empowerment ⓘ

this entity surface form: Black Economic Empowerment

South African politics → keyIdeologicalIssue → black economic empowerment ⓘ

this entity surface form: Black Economic Empowerment