B-BBEE remains vital for transformation but fails to improve business performance, study finds
- The research surveyed over 500 managers with 41% holding executive positions between C-suite and board level, targeting actual decision-makers responsible for strategy execution and daily business operations.
- About 9.1% of organisations surveyed were found to be non-compliant with B-BBEE requirements, with perceptions of B-BBEE improving significantly among highly compliant firms and black managers specifically.
- B-BBEE is perceived more positively in areas of sales, market access, human development, and staff morale, but managers flagged structural failures including corruption, fronting, and gaps in monitoring and evaluation as major concerns.
“They've made it clear that transformation is still critical to the economy, but the issue is its implementation and some of the issues that have come out there.”