The Politics of Black Economic Empowerment in South Africa

Tangri, Roger; Southall, Roger

doi:10.1080/03057070802295856

Cited by 101 publications

(61 citation statements)

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“…However criticisms from the media, politics, trade unions and civil society have maintained that despite some gains, BEE has primarily resulted in the enrichment of an unproductive black elite with limited trickle down potential, rather than a tool for genuine socio-economic transformation (Tangri and Southall, 2008;Mbeki, 2011). Moreover it has been subject to high levels of rent-seeking, corruption, and collusion between political and business interests (Cargill, 2010).…”

Section: Black Economic Empowerment Community Ownership and Economicmentioning

confidence: 98%

The evolving role of finance in South Africa’s renewable energy sector

Baker

2015

Geoforum

118

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Section: Black Economic Empowerment Community Ownership and Economicmentioning

confidence: 98%

The evolving role of finance in South Africa’s renewable energy sector

Baker

2015

Geoforum

118

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“…This does not correspond with the true intention of the BBBEE Act, which is to drive transformation and the deracialisation of the economy (Tangri & Southall, 2008). The literature also implies that organisations possibly "window dress" black management representation by appointing black non-executive directors to achieve BBBEE targets, while true transformation comes through executive positions.…”

Section: Directorship Appointmentsmentioning

confidence: 99%

“…In 1997, the number of black directors increased to 100, increasing the ratio of black executive directors to 1:3 from 1:14 in 1992. Black managers in the private sector are few, with even fewer in positions that are in control of capital (Tangri & Southall, 2008).…”

Section: Directorship Appointmentsmentioning

confidence: 99%

“…According to Tangri & Southall (2008), the impacted black individuals, who are unable to reap the benefits of the mandates devised, can become disgruntled, potentially leading to social disobedience and unrest if empowerment is not implemented faster. Failure by organisations to achieve employment equity targets and Broad-Based Black Economic Empowerment Act (BBBEE) contribution level scores will result in the potential exclusion from participating in state-based tender processes and from being acknowledged as preferred procurement companies.…”

mentioning

confidence: 99%

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Critical Success Factors That Influence Black Leadership Integration in Companies Listed on the Johannesburg Securities Exchange

Valodia¹,

Sun²,

Thomas³

2018

IJBM

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In the context of post-apartheid period, there have been certain measures introduced to have employment equity in South Africa. The integration of black leadership in a white dominant companies was one among them. The purpose of this study is to identify the critical success factors that influence black leadership integration as per the reform measures defined after post-apartheid period in South Africa. The overall research question guiding this study is: What are the critical success factors that influence black leadership integration in companies listed on the Johannesburg Securities Exchange? The quantitative correlation research design utilizes a pre-validated survey to access the success factors that influence black leadership integration. To address the research question, the independent variables -corporate culture, leadership style, diversity and strategic leadership behaviourswere correlated with three dependent variables -tenure (years of service), job satisfaction and growth satisfaction (career development opportunities) as measures of successful leadership integration. The study finds statistically significant relationships amongst many of the 32 constructs identified in the literature which using factor analysis are described as fair treatment, job hopping, commitment to transformation, Black entrepreneurship and corporate culture. As defined by Black management, job satisfaction, career development (dependent variables), fair treatment and specific leaders behaviours (inspirational motivation and idealised attributes) (independent variables) as defined by MLQ 5X leadership survey are critical success measures that could influence Black leadership integration in Johannesburg Securities Exchange (JSE) listed companies. The results of this study provide strong evidence of critical success factors that have a statistically significant influence on successful Black leadership integration into historically White dominated South African companies.

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“…The exodus of skilled whites from the country along with the limited pool of black talent creates a skills shortage problem (Horwitz & Jain, 2011). The upliftment of only the black elite is another argument against BEE compliance (Jack & Harris, 2007;Tangri & Southall, 2008).…”

Section: Hypothesesmentioning

confidence: 99%

The association among the seven elements of the black economic empowerment score and market performance

Merwe

Ferreira

2014

SAJEMS

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The black economic empowerment (BEE) score consists of seven elements, namely ownership, management control, employment equity, skills development, preferential procurement, enterprise development and socio-economic development. The purpose of this study is to establish whether an association exists between an entity's BEE elements and its share returns in the short term.Based on prior literature, it appears that the market reacts positively to an announcement of a BEE deal, although the literature also indicates that an entity's BEE score, which includes all seven elements of the BEE score, bears a negative relationship to its share returns. Therefore the association between the various BEE elements and share returns needs to be investigated. The study uses a multivariate regression analysis that controls for factors influencing share returns. The study includes the BEE element data as obtained from the survey of the top empowerment companies carried out by Empowerdex/Financial Mail for the period 2005 to 2011.The results of this study indicate that a significant positive association exists between the management control element of the BEE score and the entity's share returns. Furthermore, a significant negative association exists between the ownership and preferential procurement elements of an entity and its share returns. This study contributes to the literature on BEE in the accounting and finance field in South Africa as well as enhances the understanding and effect of BEE compliance through implementation of the generic scorecard as required by the 2007 codes of good practice. The results of this study would be of interest to government policy analysts, investors and managers.

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The Politics of Black Economic Empowerment in South Africa

Cited by 101 publications

References 0 publications

The evolving role of finance in South Africa’s renewable energy sector

The evolving role of finance in South Africa’s renewable energy sector

Critical Success Factors That Influence Black Leadership Integration in Companies Listed on the Johannesburg Securities Exchange

The association among the seven elements of the black economic empowerment score and market performance

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