Broad-based Black Economic Empowerment (BBBEE)
Broad-Based Black Economic Empowerment (B-BBEE or BEE) is one of the initiatives aiming to target inequality and stimulate economic growth, promoting economic participation and equitable wealth distribution. Intrinsic to its technical name, BEE is a policy that is instrumental in broadening the nation's economic base. By promoting the economic elevation of black people, the approach works to uplift the previously disadvantaged, which will ultimately lead to socio-economic transformation.
The main objective of B-BBEE is the inclusion of black people (defined broadly as Africans, Indians, and Coloureds) in the economy, with a larger goal of national empowerment, targeting historically disadvantaged people such as black people, women, the youth, rural communities, and disabled people.