Broad-Based Black Economic Empowerment (B-BBEE) is a specific government policy to advance economic transformation and enhance the economic participation of black people in the South African economy.
The vision of the BEE Unit is to work towards ensuring, through equity and empowerment policies and strategic interventions, that the South African economy is restructured, to enable the meaningful participation of black people, women and rural or under-developed communities in the mainstream economy, in a manner that has a positive impact on employment, income redistribution, structural re-adjustment and economic growth.
The Department of Trade and Industry's (the dti's) growth strategy includes a focus on broadening participation, equity and access to redress for all economic citizens, particularly those previously marginalised. The Black Economic Empowerment (BEE) Act, No. 53 of 2003, facilitates the dti's work in this area by establishing a legislative framework for the promotion of BEE; empowering the Minister to issue Codes of Good Practice and publishing Transformation Charters; establishing the BEE Advisory Council; and making provision for matters connected therewith.
The B-BBEE Codes of Good Practice emerged in February 2007 as an implementation framework for the B-BBEE policy and legislation. After the implementation thereof, institutional mechanisms were established for the monitoring and evaluation of B-BBEE in the entire economy.
Within the Economic Sectors and Employment Cluster of government departments, additional interventions will be undertaken by the dti to transform the economy and address structural imbalances focusing on, amongst other aspects, the effective implementation of B-BBEE, especially as regards the impact on workers, youth, women and the disabled.
The BEE Unit of the dti comprises the following sub-directorates, to fast-track delivery of areas of advisory, procurement and collaborative support:
- B-BBEE Advocacy and Institutional Support;
- Procurement, Transformation and Verification;
- Partnerships; and
- Equity Equivalent Secretariat.
Tel: 012 394 1609