BLACK ECONOMIC EMPOWERMENT

Question 1

Purpose if the act BBBEE

Answer 1

• redress economic imbalances if the past by bringing the black majority of the country into the economic mainstream.

Question 2

What are the 5 pillars /elements

Answer 2

• black ownership (40%)
• management
• skills develop
• black owned business as suppliers
• socio economic development

Question 3

Name 2 positives BBBEE

Answer 3

• real opportunities have occurred for black people to become part of the economy
• skills development for black people has increased

Question 4

Name 2 negatives
BBBEEE

Answer 4

• there’s still huge amounts of poverty for black people in soith Africa due to the skills shortage so bbbee hasn’t managed to tackle all issues of the past
• companies try to manipulate system through “window dressing” in order to achieve max bbbee points to secure govern contracts