Since 2014
South African managers’ perceptions of black economic empowerment (BEE): A ‘sunset’ clause may be necessary to ensure future sustainable growth
Southern African Business Review
View Archive Info| Field | Value | |
| 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
|
|
| Rights |
Copyright to the journal content belongs to the College of Economic and Management Sciences
|
|