BLACK BUSINESS DEVELOPMENT AFRICA - BLACK ECONOMIC EMPOWERMENT

"Participation Builds Unity"

THE FOUNDATION FOR THE DEVELOPMENT OF AFRICA
is a private, 'not-for-profit', non-membership, organisation actively serving Africa by promoting processes conducive to sustainable development
......throughout Africa - with the emphasis on sustainability!
This organisation is currently rated as one of the most proactive Sustainable Business Development Organisations in Africa!
Serving Africa since 1999.

We are actively involved with promoting the
AFRICAN RENEWAL PROGRAMME

However -
We firmly believe that sustainable development is a process that must start from within - Africa needs to "partner" with herself first!
We also prefer the phrase: "Lets create wealth" rather than "Lets alleviate poverty"
Our initiatives include enabler 'showcasing'; networking opportunities; business opportunities; investment opportunities; promotion of special projects; dissemination of business information; joint venture initiatives and a range of value added services - all to serve
AFRICA!

FDA
ACCESS
BUTTONS

BACK TO FDA
MASTER INDEX

ALL ABOUT THE
FDA

FREQUENT ASKED
QUESTIONS

TESTIMONIALS
COMMENTS

OUR FDA
WOMEN
DEVELOPMENT
PROGRAMME

OUR ATC FDA
PROFILED
TRADING PARTNERS

OUR FDA - AFRICA SUPPORTERS

PRODUCTS
SERVICES
SERVING
AFRICA

WHY PARTICIPATE
WHAT DO I GET?

HOW CAN I
PARTICIPATE?

CONTACT
US

BLACK BUSINESS DEVELOPMENT
AFRICA
BLACK ECONOMIC EMPOWERMENT

THE FOUNDATION FOR THE DEVELOPMENT OF AFRICA (FDA)
has developed this WebPage to provide a better understanding of Black Business; Black Business Development; Black Economic Empowerment and other related issues surrounding this important business sector!

Empowerment is defined as a broad-based process and the scorecard approach - covering ownership, management, employment equity, skills development, procurement, corporate social responsibility, investment and enterprise formation -

South African President, Mr. Thabo Mbeki, STATE OF THE NATION ADDRESS, in the Houses of Parliament, Cape Town, South Africa, on 14 February 2003

(See below - SOUTH AFRICA'S APPROACH TO BEE)

***********************************

Our interpretation for BLACK BUSINESS DEVELOPMENT is a process of motivating everyone to participate in the economic spectrum (previously) not readily available to certain sectors of the South African community

***********************************

CLICK HERE FOR MORE ON:

       TO BEE OR NOT TO BEE
       WHAT IS BLACK ECONOMIC EMPOWERMENT?
       SOUTH AFRICA'S APPROACH TO BEE
       FINANCE MINISTER (South Africa) CALLS FOR NEW DISCOURSE ON EMPOWERMENT
       THE "LEGAL REGIME" OF BLACK ECONOMIC EMPOWERMENT
       WHAT IS BEE (BLACK ECONOMIC EMPOWERMENT) FRONTING?
       MAKING SENSE OF BEE (BLACK ECONOMIC EMPOWERMENT)
       WHERE TO FROM HERE? - BEE (BLACK ECONOMIC EMPOWERMENT)
       ALTERED ATTITUDES - A BROAD-BASED BEE PROCESS
       THE BLACK BUSINESS COUNCIL
       FDA NETWORKING FUNCTION - BEE - JANUARY 2004
       BUHLE MTHETHWA NAFCOC SPEECH
       BLACK BUSINESS SUMMIT 2003 OUTCOMES DOCUMENT
       BLACK BUSINESS SUMMIT 2004

***********************************

WHAT IS BLACK EMPOWERMENT?

In May 2002, the then Premier of the Western Cape, South Africa, Pieter Marais, provided the following (useful) definition on Black Empowerment:

DEFINING BLACK EMPOWERMENT

The term “Black Economic Empowerment” has created certain popular misconceptions, among which are:
That it is a form of narrowly targeted, risk-free, preferential entitlement and allotment financed by the government.
That it is a hand-out
That it is racialism in reverse

Whereas the term in fact refers more precisely to "Opportunity Mapping". There is no system of preferential allotment, but there is selected procurement. And the element of risk is commensurate. Government is supportive, but not ring fenced by obligations.

The Black Economic Empowerment Commission was formally established in May 1998 -(BEECom.) under the auspices of the Black Business Council- (BBC) an umbrella body representing 11 black business organisations. According to an executive summary report of the BEEcom, a consultative conference was held on 30 September 2000. The views of these and subsequent discussions with stakeholders were incorporated into the report.

The following definition of BEE was adopted by the Commission: It is an integrated and coherent socio-economic process. It is located within the context of the country's national transformation programme, namely the RDP. It is aimed at redressing the imbalances of the past by seeking to substantially and equitably transfer and confer the ownership, management and control of South Africa's financial and economic resources to the majority of its citizens. It seeks to ensure broader and meaningful participation in the economy by black people in order to achieve sustainable development and prosperity.

After much debate in both media and business forums this definition has been widely accepted. It now behooves government and the private sector to jointly formulate an integrated state driven strategy, embracing the key components of BEE.

Inter alia:
Skills development - men and women
Human Resource Strategy
Rural Development
Poverty Alleviation
Access to Finance
Management Development
Procurement
Uniformity of Policy
Public Sector Restructuring
Targets

Believing that sustained economic development can take place in South Africa in a vacuum created by the absence of BEE is short-sightedness in the extreme. The country still has one of the most unequal distributions of income in the world, which is a reflection of the extremely low levels of black participation in the economy. This is unacceptable.

What needs to happen is that we create a coordinated set of guidelines and regulations as part of a national strategy with targets and demarcated roles and obligations for the private sector, the public sector and civil society, over a given period. This will go a long way to clearing up any misconceptions in the market and will serve to impart a sense of direction and hopefully a feeling among all South Africans of nation building.

***********************************

"Participation Builds Unity"

"MADE IN AFRICA - FOR AFRICA"

The FDA will endeavor to keep you informed on activities and issues around the development of BEE - Black Economic Empowerment
This service is provided to allow Africa to remain informed and to participate!

THIS PAGE IS PROUDLY SUPPORTED BY:
TBA

***********************************

THE FDA AND FDA PARTNERS SUPPORT THE PREMISE:

...and therefore offer the following services:
PRODUCTS
SERVICES
SERVING
AFRICA

We facilitate processes, including networking sessions that would lead to sustainable development, hence our motto:
"Nothing is as ‘powerful’ as the Human Network"
PETER METCALFE
1999

"Sustainable Development is the action and/or act of bringing people and/or processes into position for the effective use in the support and/or delivery of efforts, conducts and the cause!"

HOW THEN
CAN I
PARTICIPATE?   HOW THEN
CAN I SUPPORT
AFRICA?

***********************************

SEARCH THE FDA WEBSITE

SEARCH THIS SITE

***********************************

SEARCH THE WORLD WIDE WEB

Enter your search terms Submit search form

WE PROUDLY
SHOWCASE OUR
FDA SUPPORTERS
PAGE SPONSORS

***********

***********

***********

***********

***********

***********

***********

***********

***********

WHO SUPPORT THE PREMISE:

"Less Aid....Let's Trade!"

...and therefore offer
the following services:

PRODUCTS
SERVICES
SERVING
AFRICA

UPCOMING
EVENTS
SERVING AFRICA

ADD YOUR SUPPORT?
COMPLETE THIS FORM