Property, agriculture and finance among worst B-BBEE performers as report flags slow transformation

By Thapelo Molefe

South Africa has made progress in implementing Broad-Based Black Economic Empowerment (B-BBEE) over the past decade, but key sectors of the economy continue to lag behind, with agriculture, property and financial services recording the highest levels of non-compliance and failing to meet minimum ownership targets, according to a new report released on Wednesday.

The B-BBEE Commission released the report, South Africa’s Transformation Landscape: 2013–2023, during a stakeholder dialogue at the IDC Convention Centre in Sandton..

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Held under the theme, “B-BBEE Is Working: Evidence Shows Its Growth Potential When Doubling Efforts,” the event brought together representatives from government, business, organised labour, academia, Sector Charter Councils, verification agencies, civil society and research institutions to discuss the findings and the future of economic transformation.