black economic empowerment, noun phrase and & adjectival phrase
- Forms:
- Also black empowerment, and with initial capitals.
A. noun A policy of the South African government enacted in 2013 to enhance the participation of Black (African, Coloured, and Indian) citizens in the economy, with the aim of redressing the historical inequalities of apartheid; BEE. Also attributive.
1998 mg.co.za 25 Feb.“Black chips” are shares in black-owned companies, a plethora of which have listed since 1994 in the name of black economic empowerment.
2017 dailymaverick.co.za (DSAE Corpus)The new regulations significantly raise black economic empowerment targets while also introducing new systems and financial obligations the Chamber has claimed will cripple the industry.
B. adjective Of or pertaining to organizations, policies, or activities intending to increase the participation of Black (African, Coloured, and Indian) citizens in the economy.
2000 J. Rosenthal in Business Report 18 Jan. 1Khumo Bathong, a black-empowerment mining group, was in urgent talks with Samad, another empowerment mining group, and German financiers to raise the money to pay for East Rand Proprietory Mines.., sources said yesterday.
2015 bdlive.co.za (DSAE Corpus)The company 100%-owned by the Mineworkers Investment Trust..said it had the capacity to invest just more than R1bn either by itself or in partnership with another black economic empowerment company.
A policy of the South African government enacted in 2013 to enhance the participation of Black (African, Coloured, and Indian) citizens in the economy, with the aim of redressing the historical inequalities of apartheid; BEE. Also attributive.
Of or pertaining to organizations, policies, or activities intending to increase the participation of Black (African, Coloured, and Indian) citizens in the economy.
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