Renewed calls have been made to change the current broad-based BEE regulatory framework, with experts saying its measurement and scorecard have lost all credibility because companies have found a way to “game the system” and manipulate their scores, and alleging that transformation has become a box-ticking exercise that has led to outright fronting, thus presenting a skewed representation of underlying transformation in the economy.
This was the thrust of a Black Management Forum discussion this week, when panellists discussed how the broad-based BEE policy had failed to empower black business and transform the South African economy.exclusive journalism and features
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