There are four recent developments that should serve as a model and inspiration for implementing black economic empowerment (BEE), but they were overshadowed by the controversial comments made by Eskom board director Mteto Nyati.
Andile Ntingi Share Andile Ntingi is the chief executive and co-founder of GetBiz, an e-procurement and tender notification service. (Photo: Finweek)
Pressure from the European Union, and a potential appeals court judgement, may force the government to rethink its empowerment approach.
Just as I thought broad-based black economic empowerment (B-BBEE) policy had been relegated to the backseat of public discourse, it has stormed back into the front seat.
Between 2010 and 2019, the policy went into a lull due to a significant reduction in the number of major B-BBEE equity transactions that were concluded, resulting in news and information about the policy virtually disappearing from mainstream media.