BEE’s ups and downs 20 years later

2014-07-27 12:20

Employment equity is still the most challenging part of black economic empowerment (BEE) to implement.

This was according to a survey conducted by consulting and auditing services firm KPMG.

The survey, now in its eighth year, speaks to 2?000 respondents and looks at how legislation is faring and how well it is being implemented.

The most recent survey found that black representation at the senior management level is only 28%, against a target of 60% set out in the BEE codes of good practice.

KPMG director Boitumelo Ngutshane, who was involved in the research, said respondents attributed the poor results to the lack of skills available to plug the gaping transformation holes at the top.

“Twenty years down the line, we expected better,” she said.

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BEE: How industries fared

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