Summary of Broad Based BEE

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Broad Based BEE book summary
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Rating

7 Overall

9 Applicability

7 Innovation

5 Style

Recommendation

In this guidebook, Vuyo Jack combines legislative summary, accounting detail and historical context. He analyzes South Africa’s numerous Codes of Good Practice (and their subsidiary statements) enacted to promote black business empowerment and explains them in considerable detail. He provides context for understanding the Black Economic Empowerment codes and sample scorecards for various aspects of compliance. Yet this straightforward, accounting-manual treatment of the codes is frequently interrupted by his personal opinions, judgments or remembrances. The author becomes an advocate for a viewpoint rather than a dispassionate reporter on the contents of the code. Readers who are accustomed to more hands-off reporting may wonder whether Jack’s advocacy compromises or shades his approach to the bare facts. Nevertheless, getAbstract recommends his thorough explanation to companies working in South Africa.

In this summary, you will learn

  • What South Africa’s broad-based Black Economic Empowerment codes require and
  • How to work with these regulations.
 

About the Author

Vuyo Jack is a chartered accountant. He is a co-founder and chairman of the Black Economic Empowerment rating agency, Empowerdex. He is also a visiting professor at the School of Management of the University of the Free State and a venture capitalist.

 

Summary

Black Economic Empowerment: The Basics
Black Economic Empowerment (BEE) is an attempt to redress the pernicious effects of the apartheid system in South Africa. White people often initially react to the BEE codes with denial, believing that the rules don’t apply to them. However, the BEE...

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