BEE - Black Economic Empowerment

[Derrick]

Black Economic Empowerment (BEE) is the process by which previously disadvantaged South Africans are being empowered through the transfer of ownership, management and financial control of companies; the multi-level transference of skills and the widespread creation of jobs. Its purpose is to bring the majority of South Africans into the mainstream economy and it is the key to the future prosperity of the country.