Black Economic Empowerment (BEE)

Black Economic Empowerment (BEE) is a South African initiative aimed at addressing the economic disparities caused by apartheid. It promotes the inclusion of black individuals and communities in the economy by enhancing their ownership, management, and control of businesses. The program encourages companies to implement policies that foster equitable access to economic opportunities, including skills development, employment equity, and procurement from black-owned businesses. BEE aims to create a more equitable economy by empowering historically disadvantaged groups and fostering broader social and economic participation.