Trick or Treat: Rethinking Black Economic Empowerment

Cargill, Jenny

ISBN 10: 1770098305 / ISBN 13: 9781770098305
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Reviewing the 16 years since the Black Economic Empowerment (BEE) was set up as a remedy to apartheid, this analysis looks at the most controversial mission of the organization—the creation of black-owned corporations. Drawing on case studies, both in South Africa and internationally, the report finds many negative consequences that bring into question BEE's ownership in its current form. It shows how inadvertently organizers over the years have encouraged the kind of trading and deal-making that leads to opportunistic, unproductive investment and explores how BEE is also seen as a convenient cover to legitimize political patronage and corruption in the allocation of state resources. As a final note, however, the discussion praises new ventures that are professionally run and seek both financial return and social impact.

About the Author: Jenny Cargill is an actor known for her role in an award-winning film about the African National Congress’ underground. She is also the founder of an economic think tank and a specialist in transformational investment and black economic empowerment.

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Title: Trick or Treat: Rethinking Black Economic ...
Publication Date: 2010
Binding: PAP
Book Condition: New

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Book Description Jacana Media (Pty) Ltd, South Africa, 2010. Paperback. Condition: New. Language: English . Brand New Book. Drawing on her experience of BEE over its 15-year history, the author undertakes an uncompromising and critical review of the policy, its results and important lessons. The fact that BEE seems to have survived the global financial collapse - unlike in the Nineties after the Asian market crisis - is little cause for comfort. This title is about the most controversial and tantalising side to black economic empowerment - the transfer of corporate shareholding to black people. It takes an uncompromising view of policy, it challenges popular perceptions; it finds BEE role models and powder kegs amidst broad-based ownership; and it offers new ideas on the future of black ownership in South Africa s corporate sector. Seller Inventory # AAO9781770098305

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Book Description Jacana Media (Pty) Ltd, South Africa, 2010. Paperback. Condition: New. Language: English . Brand New Book. Drawing on her experience of BEE over its 15-year history, the author undertakes an uncompromising and critical review of the policy, its results and important lessons. The fact that BEE seems to have survived the global financial collapse - unlike in the Nineties after the Asian market crisis - is little cause for comfort. This title is about the most controversial and tantalising side to black economic empowerment - the transfer of corporate shareholding to black people. It takes an uncompromising view of policy, it challenges popular perceptions; it finds BEE role models and powder kegs amidst broad-based ownership; and it offers new ideas on the future of black ownership in South Africa s corporate sector. Seller Inventory # AAO9781770098305

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