Saturday Extra

For some, the policy has long been overdue. For others, it's business as usual.

Black Economic Empowerment in South Africa is said to be transforming the economy, as blacks began to take on management roles in small and medium business enterprises.

While the concept dates back to the early 1990s when Nelson Mandela's African National Congress began devising a plan to dismantle the legacy of apartheid, BEE, as it's known in its current form, is a two-year-old policy.

White South Africans, who make up 10 per cent of the country's 46.9 million people, are still the majority controllers of the economy despite apartheid ending in 1994.

It's not mandatory for companies in South Africa to embrace Black Economic Empowerment at the moment but they would have to, as empowerment is said to be racing ahead and it has become integral part of the South African business landscape

Guests

Chia Chao Wu
Managing Director - Empowerdex

Richard Maponya

Gloria Serobe
Executive Director, Wiphold Company
CEO WipCapital

Story Researcher and Producer

Dai Le