BEE is changing. It's less a box-ticking exercise and much more a strategy focussed on sustainability and real change. Under the New Codes of Good practice SA should experience truly broad-based black economic empowerment, writes Jenni Lawrence of Grant Thornton Verification Services in this month's SmartProcurement.
Since the Broad-Based Black Economic Empowerment (B-BBEE) Act was gazetted in 2004, the only constant in this emotive legislation has been change. Some say the intended change is taking too long.
This perceived slow pace of transformation has led to a debate about removal of statues, land invasions and service delivery protests, 11 years after the advent of BEE.