INSTITUTIONAL HANDICAPS OF BLACK ECONOMIC EMPOWERMENT AND ITS RECONCEPTUALISATION: THE CASE OF SOUTH AFRICA

Şenol ÖZTÜRK; D B JARBANDHAN

Article Details

INSTITUTIONAL HANDICAPS OF BLACK ECONOMIC EMPOWERMENT AND ITS RECONCEPTUALISATION: THE CASE OF SOUTH AFRICA

Authors:

Şenol ÖZTÜRK | D B JARBANDHAN

Publisher:

Onur OĞUZ

Main Topics:

Social Sciences

Journal:

International Journal of Economics Politics Humanities and Social Sciences 2020 Vol.3 Issue 1, pp.1-23

Document Type:

Article

Publication Date:

1/2020

Document Language:

English

Document ID (Org No.):

2000638828

Frequency:

Quarterly

eISSN:

2636-8137

Abstract:

 


As an initiative to transform the economic order of the new
democratic government post-1994, Black Economic Empowerment (BEE) was adopted
as a strategy to include those who were marginalised by apartheid, in South
Africa.   However, an evaluation of the BEE strategy
indicates that macro-economic implications of the strategy are still not making
the socio-economic impact it ought to have had in the third decade into
democracy. 


Current research indicates that a serious   reconceptualization and reformulation of the
streategy is required in order to reach a more accurate and favorable understanding
of BEE, and for it to deliver on its initial vision. When the strategy is
evaluated from an institutional perspective, it is noted that economic
structure, globalisation, administrative weaknesses and quality of management,
as well as inadequacies of targeted population are regarded as contributors
towards South Africa’s socio-economic landscape which affect the performance of
BEE strategy.







This article uses a literature review that evaluates
role of the BEE strategy in improving the lot of South Africa’s previously
disadvantaged communities.  Furthermore,
the article aims to analyze the effects of institutional factors on the strategy
in a holistic way in order to develop policy recommendations to supplement the
current BEE strategy.


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Article Details

INSTITUTIONAL HANDICAPS OF BLACK ECONOMIC EMPOWERMENT AND ITS RECONCEPTUALISATION: THE CASE OF SOUTH AFRICA

Authors: Şenol ÖZTÜRK | D B JARBANDHAN

Publisher: Onur OĞUZ

Main Topics: Social Sciences

Journal: International Journal of Economics Politics Humanities and Social Sciences 2020 Vol.3 Issue 1, pp.1-23

Document Type: Article

Publication Date: 1/2020

Document Language: English

Document ID (Org No.): 2000638828

Frequency: Quarterly

eISSN: 2636-8137

Issues

Authors:

Şenol ÖZTÜRK | D B JARBANDHAN

Publisher:

Onur OĞUZ

Main Topics:

Social Sciences

Journal:

International Journal of Economics Politics Humanities and Social Sciences 2020 Vol.3 Issue 1, pp.1-23

Document Type:

Article

Publication Date:

1/2020

Document Language:

English

Document ID (Org No.):

2000638828

Frequency:

Quarterly

eISSN:

2636-8137