South Africa reforms BEE program to enhance corporate participation and address economic inequality.
South Africa is reforming its Black Economic Empowerment (BEE) program to enhance corporate participation and reduce exploitation amid ongoing economic inequality. The African National Congress faces pressure to improve the lives of Black citizens following electoral setbacks. Proposed changes include new incentives, potential fines for non-compliance, and a shift from ownership to skills development, as unemployment rates remain disproportionately high among Black South Africans.
September 23, 2024
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