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BOOK REVIEW<br />
FORGOTTEN<br />
FUNDAMENTALS<br />
WHY BROAD BASED BLACK ECONOMIC EMPOWERMENT DOES NOT WORK<br />
SIBUSISO NKOSI<br />
Ever since the Broad Based Black Economic Empowerment framework<br />
was established, it has received numerous criticisms from<br />
various members of society. Independent BBBEE Practitioner,<br />
Sibusiso Nkosi, carries that criticism forward with his new book.<br />
Titled ”Forgotten Fundamentals: Why Broad Based Black<br />
Economic Empowerment Does Not Work”, the book provides<br />
an analysis based on factors and elements of why BBBEE has not<br />
made the impact it was intended to make. ”The biggest problem<br />
is the BEE scorecard and how businesses chase the targets and<br />
points”, said Sibusiso Nkosi. ”This results in businesses implementing<br />
BEE compliance strategies that do not empower the previously<br />
disadvantaged individuals but they still score points on their scorecards.”<br />
Although the book is not written to delve deeper into the analysis<br />
of these factors, it provides a clear platform for the stakeholders to<br />
engage in the issues outlined. ”The fundamentals of BBBEE are<br />
simple; equality, fairness and sustainability. That is what we should<br />
be seeking to achieve.” expressed a passionate Mr. Nkosi.<br />
Although most of the arguments about BBBEE circle around<br />
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Ownership, there are other critical areas such as Employment<br />
Equity, Skills Development and Enterprise Development that need<br />
to be focused on. In the book, the author has deliberately excluded<br />
arguments regarding Ownership citing ”they are already receiving<br />
enough attention”<br />
”The beneficiaries of BBBEE are not only rich business people. It<br />
is communities as well as people that are employees.” he explained.<br />
”That is what I wanted to focus on, how these people have been left<br />
out of the benefit basket and the dire results that this may possess.”<br />
Forgotten Fundamentals: Why Broad Based Black Economic<br />
Empowerment Does Not Work, is now available online for purchase<br />
on Sibusiso Nkosi’s newly developed website, www.bbbeeinfo.co.za.<br />
Also see his blog www.bbbeematters.blogspot.co.za and follow @<br />
SibusisoBEE on twitter.<br />
More Info: http://bbbeeinfo.co.za<br />
SMS SIGH TO 45813 AND STAND A CHANCE TO WIN ONE OF THE THREE BOOKS<br />
TITLED FORGOTTEN FUNDAMENTALS WRITTEN BY SIBUSISO NKOSI<br />
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