Research Article

INSTITUTIONAL HANDICAPS OF BLACK ECONOMIC EMPOWERMENT AND ITS RECONCEPTUALISATION: THE CASE OF SOUTH AFRICA

Volume: 3 Number: 1 January 15, 2020
TR EN

INSTITUTIONAL HANDICAPS OF BLACK ECONOMIC EMPOWERMENT AND ITS RECONCEPTUALISATION: THE CASE OF SOUTH AFRICA

Abstract

As an initiative to transform the economic order of the new democratic government post-1994, Black Economic Empowerment (BEE) was adopted as a strategy to include those who were marginalised by apartheid, in South Africa.   However, an evaluation of the BEE strategy indicates that macro-economic implications of the strategy are still not making the socio-economic impact it ought to have had in the third decade into democracy.

Current research indicates that a serious   reconceptualization and reformulation of the streategy is required in order to reach a more accurate and favorable understanding of BEE, and for it to deliver on its initial vision. When the strategy is evaluated from an institutional perspective, it is noted that economic structure, globalisation, administrative weaknesses and quality of management, as well as inadequacies of targeted population are regarded as contributors towards South Africa’s socio-economic landscape which affect the performance of BEE strategy.

This article uses a literature review that evaluates role of the BEE strategy in improving the lot of South Africa’s previously disadvantaged communities.  Furthermore, the article aims to analyze the effects of institutional factors on the strategy in a holistic way in order to develop policy recommendations to supplement the current BEE strategy.

Keywords

Supporting Institution

Tübitak and University of Johannesburg

Project Number

1059B191600922

Thanks

This study was prepared in scope of a post-doctorate research fellowship program supported by TUBITAK and University of Johannessburg. The authors sincerily thanks to TUBITAK and University of Johannesburg for their supports.

References

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  2. African Communist Editorial – ACE. (2017). Inequality is no Longer Just About Race - African Communist. African Communist 1st Quarter 2017, Issue 194. Accessed on: 6 November 2017. Available at: http://www.politicsweb.co.za/opinion/inequality-is-no-longer-just-about-race--african-c
  3. African National Congress – ANC. (2017). Economic Transformation Discussion Document. Accessed on: 10 February 2018. Available at: http://www.anc.org.za/sites/default/files/National%20Policy%20Conference%202017%20Economic%20Transformation_1.pdf
  4. Andrews, M. (2008). Is Black Economic Empowerment a South African Growth Catalyst? (Or Could it Be…). Working Paper No. 170, Center For International Development, Harvard University. Accessed on: 10 February 2018. Available at: https://www.innovations.harvard.edu/sites/default/files/2606408.pdf
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  7. Bernstein, A., Kadt, J., Roodt, M. & Schirmer, S. (2014). South Africa and the Pursuit of Inclusive Growth, Democracy Works. Country Report. The Centre for Development and Enterprise & The Legatum Institute. Accessed on: 15 January 2018. Available at: http://www.cde.org.za/wp-content/uploads/2014/04/democracy-works---south-africa-country-report---south-africa-and-the-pursuit-of-inclusive-growth-pdf-.pdf
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Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Publication Date

January 15, 2020

Submission Date

October 31, 2019

Acceptance Date

January 13, 2020

Published in Issue

Year 2020 Volume: 3 Number: 1

APA
Öztürk, Ş., & Jarbandhan, D. B. (2020). INSTITUTIONAL HANDICAPS OF BLACK ECONOMIC EMPOWERMENT AND ITS RECONCEPTUALISATION: THE CASE OF SOUTH AFRICA. Uluslararası Ekonomi Siyaset İnsan Ve Toplum Bilimleri Dergisi, 3(1), 1-23. https://izlik.org/JA94DE86CS
AMA
1.Öztürk Ş, Jarbandhan DB. INSTITUTIONAL HANDICAPS OF BLACK ECONOMIC EMPOWERMENT AND ITS RECONCEPTUALISATION: THE CASE OF SOUTH AFRICA. Uluslararası Ekonomi Siyaset İnsan ve Toplum Bilimleri Dergisi. 2020;3(1):1-23. https://izlik.org/JA94DE86CS
Chicago
Öztürk, Şenol, and D B Jarbandhan. 2020. “INSTITUTIONAL HANDICAPS OF BLACK ECONOMIC EMPOWERMENT AND ITS RECONCEPTUALISATION: THE CASE OF SOUTH AFRICA”. Uluslararası Ekonomi Siyaset İnsan Ve Toplum Bilimleri Dergisi 3 (1): 1-23. https://izlik.org/JA94DE86CS.
EndNote
Öztürk Ş, Jarbandhan DB (January 1, 2020) INSTITUTIONAL HANDICAPS OF BLACK ECONOMIC EMPOWERMENT AND ITS RECONCEPTUALISATION: THE CASE OF SOUTH AFRICA. Uluslararası Ekonomi Siyaset İnsan ve Toplum Bilimleri Dergisi 3 1 1–23.
IEEE
[1]Ş. Öztürk and D. B. Jarbandhan, “INSTITUTIONAL HANDICAPS OF BLACK ECONOMIC EMPOWERMENT AND ITS RECONCEPTUALISATION: THE CASE OF SOUTH AFRICA”, Uluslararası Ekonomi Siyaset İnsan ve Toplum Bilimleri Dergisi, vol. 3, no. 1, pp. 1–23, Jan. 2020, [Online]. Available: https://izlik.org/JA94DE86CS
ISNAD
Öztürk, Şenol - Jarbandhan, D B. “INSTITUTIONAL HANDICAPS OF BLACK ECONOMIC EMPOWERMENT AND ITS RECONCEPTUALISATION: THE CASE OF SOUTH AFRICA”. Uluslararası Ekonomi Siyaset İnsan ve Toplum Bilimleri Dergisi 3/1 (January 1, 2020): 1-23. https://izlik.org/JA94DE86CS.
JAMA
1.Öztürk Ş, Jarbandhan DB. INSTITUTIONAL HANDICAPS OF BLACK ECONOMIC EMPOWERMENT AND ITS RECONCEPTUALISATION: THE CASE OF SOUTH AFRICA. Uluslararası Ekonomi Siyaset İnsan ve Toplum Bilimleri Dergisi. 2020;3:1–23.
MLA
Öztürk, Şenol, and D B Jarbandhan. “INSTITUTIONAL HANDICAPS OF BLACK ECONOMIC EMPOWERMENT AND ITS RECONCEPTUALISATION: THE CASE OF SOUTH AFRICA”. Uluslararası Ekonomi Siyaset İnsan Ve Toplum Bilimleri Dergisi, vol. 3, no. 1, Jan. 2020, pp. 1-23, https://izlik.org/JA94DE86CS.
Vancouver
1.Şenol Öztürk, D B Jarbandhan. INSTITUTIONAL HANDICAPS OF BLACK ECONOMIC EMPOWERMENT AND ITS RECONCEPTUALISATION: THE CASE OF SOUTH AFRICA. Uluslararası Ekonomi Siyaset İnsan ve Toplum Bilimleri Dergisi [Internet]. 2020 Jan. 1;3(1):1-23. Available from: https://izlik.org/JA94DE86CS

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