Skills development leads to economic empowerment

Arguably the biggest pain point in post-democracy South Africa has been the economic empowerment of the marginalised majority of the country. There are basically two types of economic inequalities: wealth inequality and income inequality. Broad-Based Black Economic Empowerment has been an inadequate legislative response to wealth and income inequality because it places an unhealthy focus…

Businesses need to obsess less about BEE compliance and more on actual transformation

It is a sad reality that businesses are obsessed about BEE compliance, so much so that they forget about the actual transformation. What’s happening in the MAC sector? 1 March marks the one-year anniversary of the Marketing, Advertising, and Communications Sector B-BEE Code updates. However, agencies have yet to unlock the benefits of the code.…