Broad-Based Black Economic Empowerment (BBBEE)

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Definition of “Broad-Based Black Economic Empowerment (BBBEE)” :

Broad-Based Black Economic Empowerment (BBBEE) is a South African government policy aimed at increasing economic participation and ownership by previously disadvantaged racial groups, primarily black Africans. It involves measures like employment equity, skills development, entrepreneurship support, and preferential procurement practices.

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