Make Nkosi’s Haven your Black Economic Empowerment Partner (B.E.E.)
What is the B.E.E. Initiative?
In South Africa after the demise of Apartheid the government embarked on a system through which to spread the wealth of the country to the broader base of its citizens.
To this end, various different industries in the country committed themselves to redistribute a certain portion of the shareholding of organizations in particular industries to previously disadvantaged individuals.
Although this endeavor at the time was done with the greatest of intentions it has had some adverse effects.
As an example the mining and fuel industry through the Department of Energy committed themselves to ensure that at least a 26% shareholding of companies within these industries will be held by previously disadvantaged individuals and or organizations.
It is to this end that the Mining and Petroleum fuels industry charters were agreed to.
International fuel companies, as an example, committed themselves to the Petroleum Industry Charter which states that each of these companies will ensure that at least 26% of all fuel distributed throughout the country will be done through companies owned and operated by previously disadvantaged individuals and or organizations.
Unfortunately, however, since then, the same individuals have positioned themselves to be beneficiaries of this arrangement. Some of these individuals have become multi billionaires in the process and those at whom the arrangement was targeted are still living in abject poverty.
How to make Nkosi’s Haven your B.E.E. Partner
If you are interested in finding out how to make Nkosi’s Haven your B.E.E. partner, please do not hesitate to contact Gail Johnson, Director of Nkosi’s Haven, at director@nkosishaven.org, or via the contact information provided on our contacts page.
