The Broad-Based Black Economic Empowerment Act 53 of 2003 and the ways in which the commission of fronting practices affects the achievement of its objective
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Date
2020
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Institute for Democracy, Governance, Peace and Development in Africa
Abstract
The Broad-Based Black Economic Empowerment Act 53 of 2003 is one of the statutes enacted to promote
the right to equality, which is enshrined in the Bill of Rights of the Constitution of the Republic of South
Africa. It is therefore aimed at balancing the economic playing field of black and white people in South
Africa. Broad-based black economic empowerment is a governmental policy initiated to enable the black
people to participate in the economy meaningfully. The Act was promulgated inter alia to facilitate broadbased black economic empowerment by achieving a substantial change in the racial composition of
ownership and management structures and in the skilled occupations of existing and new enterprises. The
issue that arises is whether this objective is being achieved and how the Commission of fronting practices
affects the achievement of this objective. Statistics show that this objective is not being achieved and that
the Commission of fronting practices plays a negative role in its achievement.
Description
Keywords
Broad-Based Black Economic Empowerment Act 53 of 2003, Black Economic Empowerment, Black Economic Empowerment; Constitution of 1996, Fronting practices
Citation
Van de Rheede, Jeannine ‘The Broad-Based Black Economic Empowerment Act 53 of 2003 and the ways in which the commission of fronting practices affects the achievement of its objective’ (2020) 7:1 African Journal of Democracy and Governance pp. 101-118