Business Management

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Browsing Business Management by Author "Dlamini, P.B"

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    Black economic empowerment in Richards bay:challenges and lessons for small businesses
    (University of Zululand, 2014) Dlamini, P.B; Contogiannis, E.; Van Heerden, C.J.
    Since 1994 the South African government introduced legislation to provide new economic opportunities to all people in South Africa, particularly those who were previously disadvantaged. Black Economic Empowerment was introduced to substantially increase the number of Black people having ownership and control in enterprises and especially in the priority sectors identified by the government. Promotion of small businesses is a key element in the government’s strategy of addressing the imbalances of the past and to create employment and income generation. The purpose of the study is to find out about the Black Economic Empowerment (BEE) progress in the fertilizer value chain in Richards Bay, the challenges they are facing and the lessons they have learned. A major focus of the section on Black Economic Empowerment (BEE) was the codes governing qualifying small businesses in Richards Bay and to also find out what people think about Black Economic Empowerment (BEE). Based on the findings the study reveals that the majority of BEE has a positive impact on small businesses in Richards Bay. Most of small business owners or managers have a little bit of understanding about BEE. Practical recommendations were made to guide and support small business and encourage them to be registered and have the Black Economic Empowerment certificate, and comply at least with two of the seven elements.
University of Zululand