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BEE – THE BUSINESS IMPERATIVE. What is Empowerment?.

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Presentation Transcript
what is empowerment
What is Empowerment?

“an integrated and coherent socio-economic process that directly contributes to the economic transformation of South Africa and brings about significant increases in the number of black people that manage, own and control the country’s economy, as well as significant decreases in income inequalities.”

what is empowerment1
What is empowerment?
  • Political transformation
  • Economic transformation?
    • Are we there yet? Consolidation?
    • Is there a low road?
what does government want
What does government want?

Aim and Objectives of BEE Act:

  • To create a national framework for promoting black economic empowerment
  • Changing racial composition of ownership and management and skilled occupations of existing and new enterprises
  • Increase employment
what does government want1
What does government want?
  • Increase black women ownership and management
  • Empowering rural, and local communities, and worker ownership,
  • Promoting access to finance for black economic empowerment
  • …what does business want?
the dimensions of bee

30%

Shareholding

Owners /

management

Control

Employment equity

30%

Skills Development

Employees

Learnerships

30%

Preferential Procurement

The supply chain

Enterprise Development

Social

Investment

10%

Unemployed / unemployable in

the environment of business

The dimensions of BEE

100%

total classification
Total classification

Superior contributor

how is business approaching bee
How is business approaching BEE
  • Hiding, ignoring, exploiting, complying, or embracing
  • Compliance Function? [summons received!]
  • Does the scorecard grow businesses?
  • High road or Low road…mindsets
dominant management logic
Dominant Management Logic

Mindsets on the low-road

Cost

Transformation

Performance

mindset of the low road
Mindset of the low road
  • White giving to black
  • Fear and wanting to see BEE fail
  • Pack for Perth
adjusting the bee mindset
Adjusting the BEE Mindset

BEE test

BEE: What is it,

For me & the business

BEE team

Dominant management logic

Adjusting the mindset

30 day review

Info plus interpretation leads to knowledge,

Knowledge coupled with appropriate action leads to wisdom

adjusting the bee mindset1
Adjusting the BEE mindset
  • New markets, new clients
  • New society
  • Who is going to have spending money in 5 years time?
  • Who is deciding on procurement?
  • Who will be your future client?
opportunities
Opportunities

Financial Services Charter:

  • Each financial institution - minimum target of
    • 20% to 25% black people at senior management (> R450 000pa) level by 2008;
    • 30% black people at middle management level (> R250 000pa) by 2008;
    • 40% to 50% black people at junior management level

(> R150 000pa) by 2008;

opportunities1
Opportunities
  • Who is going to be offering their services to those with spending money?
  • Do you understand your client?
move from risk to opportunity
Move from Risk to Opportunity
  • It’s all about people!!
  • The challenge is choice:

Ignore, comply, or transform

  • The real challenge is the extent to which SA Business really wants to change
move from risk to opportunity1
Move from Risk to Opportunity
  • Challenge your mindset
  • Compliance has no impact on transformation [does the scorecard transform?]
  • Rugby world cup 1999
sa rugby 2003
SA Rugby -2003

In past:

  • BIG business - white “owned” for many years
  • Dominant culture – white male

At face value:

  • Great “scorecard”

BUT…

sa rugby
SA Rugby

BUT…

  • Transformation…?
  • Empowerment…?
  • Attitudes…?
  • Perceptions…?
transformation and growth
Transformation and growth
  • Transformation and growth
  • South Africa must both grow AND transform.
  • Growth OR transformation is untenable.
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