Article by Terrance M. Booysen and reviewed by Dr. Robin Woolley (Director: Transcend Capital)
With the release of the new Broad-Based Black Economic Codes (‘B-BBEE’) -- which became effective on 01 May 2015 -- there is no doubt that the previous Codes of Good Practice (‘the Codes’), which were launched in 2013, did not have the desired effect.
Article by Dr Dicky Els and Terrance M. Booysen
In a globalised economy excesses and imbalances in one part of the world inevitably affects the economies of another, and this is typically played out between developed and developing countries. With the accelerated pace of global development, expectedly there is a knock-on implication to increased business risk through aggressive competition and more pressure on increasing profit margins.