Black economic empowerment, Mediaclubsouthafrica.com – Media Club South Africa
South Africa's policy of black economic empowerment (BEE) is not simply a moral initiative to redress the wrongs of the past. It is a pragmatic growth strategy that aims to realise the country's full economic potential.
In the decades before South Africa achieved democracy in 1994, the apartheid government systematically excluded African, Indian and coloured people – collectively known as “black people” – from meaningful participation in the country's economy.
This inevitably caused much poverty and suffering – and a profoundly sick economy.