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.
Tübitak and University of Johannesburg
1059B191600922
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.
1059B191600922
Primary Language | English |
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Journal Section | Articles |
Authors | |
Project Number | 1059B191600922 |
Publication Date | January 15, 2020 |
Published in Issue | Year 2020 Volume: 3 Issue: 1 |
International Journal of Economics, Politics, Humanities & Social Sciences – IJEPHSS is licensed under a Creative Commons Attribution-NonCommercial 4.0 International (CC BY NC)