Building an inclusive economy

B-BBEE: TRANSFORMATION IS NOT A BOX-TICKING EXERCISE BUT A COMMITMENT TO DIVERSITY

- Raymond Langa

As a millennial leader and business owner, I often reflect on the role of Broad-Based Black Economic Empowerment (B-BBEE) in shaping our nation's economy.

It was introduced to address the injustices of the past, yet its effectiveness remains a topic of heated debate. The question we must now ask is this: Is B-BBEE doing enough to ensure a truly inclusive economy?

The South Africa I was born into was a nation of stark contrasts. A small minority held the majority of wealth and power, while the majority were excluded from economic participation. B-BBEE was born from the necessity to redress this imbalance.