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07 May 2021 Companies are generally meeting BBBEE targets at junior management level but falling short in higher levels. Stock photo. Image: 123RF Transformation is happening at a snail’s pace across all industries in SA, a new study has found. The Sanlam Gauge report released yesterday highlights factors that hinder transformation in all sectors. The report, in partnership with Sunday Times Business Times, is also aimed at stimulating and enriching the debate on the future strategy for SA in its quest for an inclusive, equal-opportunity economy. According to the report, there is a strong element of frustration among people closely involved with broad-based black economic empowerment (BBBEE). ....
Image: 123RF Transformation is happening at a snail’s pace across all industries in SA, a new study has found. The Sanlam Gauge report released yesterday highlights factors that hinder transformation in all sectors. The report, in partnership with Sowetan s sister publicaton Sunday Times Business Times, is also aimed at stimulating and enriching the debate on the future strategy for SA in its quest for an inclusive, equal-opportunity economy. According to the report, there is a strong element of frustration among people closely involved with broad-based black economic empowerment (BBBEE). “The Broad-Based Black Economic Empowerment (BBBEE) Act of 2003, which seeks to redress apartheid legacies and empower the nation’s black citizens through meaningful economic participation, is admired on paper but complicated to implement,” the report says. ....