What is BEE and how does it affect business in South Africa?
Black Economic Empowerment (BEE) is a racially selective program implemented by the South African government whereby business participation by Whites in South Africa is being limited.
Legislation is implemented to redress the inequalities in the business sector brought about by the previous Apartheid System. The progressive implementation of the BEE System renders economic and employment privileges to previous disadvantaged groups, namely Blacks, Coloureds, Indians, and Chinese that are citizens of South Africa.
The BEE system gradually transfers employment and business opportunities to previously disadvantaged groups.