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South African managers’ perceptions of black economic empowerment (BEE): A ‘sunset’ clause may be necessary to ensure future sustainable growth

Southern African Business Review

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Title South African managers’ perceptions of black economic empowerment (BEE): A ‘sunset’ clause may be necessary to ensure future sustainable growth
 
Creator Krüger, LP
 
Subject transformation, black economic empowerment (BEE), broad-based black economic empowerment (B-BBEE), African National Congress (ANC), competitiveness, sustainable growth, South Africa
 
Description Transformational policies in South Africa, such as black economic empowerment (BEE), have increasingly and inextricably become part of the everyday political, economic and social life of all South Africans since the founding of the new democracy in April 1994. In this regard, South African businesses are subject to a whole array of mandatory regulations which specifically influence their operational capabilities and competitiveness to compete effectively and efficiently in both national and global markets. In a survey among 500 individual managers in South African businesses ranging from small, medium to large multinationals companies, it was found that BEE is well integrated into most of these organisations. However, the mounting resistance to and rejection of BEE that exists at management level can also increasingly be seen at the intellectual level of the population through public discourse in the daily newspapers, in which BEE is essentially viewed as a perpetuation of past injustices. The African National Congress (ANC) government must take cognisance of the negative  influence that BEE has had on South Africa over the last more or less ten years and accept that a ‘sunset’ or termination clause needs to be set before too much further damage is done to the economy of the country and its world competiveness ranking.Key words: transformation, black economic empowerment (BEE),  broad-based black economic empowerment (B-BBEE), African National Congress (ANC), competitiveness, sustainable growth, South Africa
 
Publisher College of Economic and Management Sciences (UNISA)
 
Contributor
 
Date 2014-06-26
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ajol.info/index.php/sabr/article/view/104676
 
Source Southern African Business Review; Vol 18, No 1 (2014); 80-99
1998-8125
1561-896X
 
Language eng
 
Relation http://www.ajol.info/index.php/sabr/article/view/104676/94726
 
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