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Black Economic Empowerment Tagged Articles



Black Economic Empowerment, like charity, is not investment
South African businesses have become one of the largest investment blocks in Africa. Many African countries regularly fret that they are losing their local business ownership to their cousins down South. Every sector of South African business is represented in this new scramble to invest; from mining to telecommunications to retail.

Other Black Economic Empowerment Related Articles

Start your business in Johannesburg but hire your advisor in Cape Town
Small business development is a crucial part of government's strategy to reduce unemployment and increase black economic empowerment.
How does microfinance help the poor? FAQ
Experience shows that microfinance can help the poor to increase income, build viable businesses, and reduce their vulnerability to external shocks. It can also be a powerful instrument for self-empowerment by enabling the poor, especially women, to become economic agents of change.

Taking a Bet on BET: Johnson Jumps onto the Small Screen
Johnson was in a business meeting at the NCTA when he met a businessman who wanted to start a television station for the elderly. “I said, hmmm, let me see that,” recalls Johnson. “So I looked at it, and I said, wherever he had elderly I crossed out and put black people. Black people are a certain demographic, black people are poorly depicted on television, so on, and so forth.”

Old Mutual and South Africa’s Department of Trade and Industry (DTI) Launch $12.9m Microfinance Initiative, Isivande Women’s Fund (IWF)
The Department of Trade and Industry of South Africa has teamed with Old Mutual Group’s Masisizane Fund to launch the Isivande Women’s Fund (IWF), financing women-run enterprises in the country. The new fund is the result of a 2006 study conducted by the DTI’s Gender and Women Empowerment Unit, the International Finance Corporation (IFC), and FinMark. The study found that although women are more responsible managers of credit than men, they only receive 30 percent of loans, with black women receiving the least funding.

Crisis and the “Black Swan”
Black Swans are important events, either good or bad, that are highly improbable but happen nonetheless. Using the term Black Swan is a metaphor for an event that just is weird or unexplainable before hand using logic. None the less, Black Swans are explainable after the fact. Most are rare events that have extreme impact on the business. (Taleb, Nassim Nicholas. The Black Swan. New York: Random House, 2007.)
Is Your Business Storm Proof? Part 1
What can you do to keep your business healthy and in the black especially during difficult economic times?

Empowerment - Ten Tips to Avoid Micro Management
I deal with a lot of leaders that confuse delegation with empowerment. I am often told, "I don't micro manage, I empower my employees." However, when we start digging into specific situations, we often uncover the difference between delegation and empowerment. It is really not that difficult to ascertain the difference. Delegation is simply getting someone else to perform a specific task for you. "Tom, can you move these for pallets for me to make some room for a new shipment coming in tomorrow?" Empowerment sets a little higher expectation that encourages the employee to use their own creativity and innovation.

Know where to cut costs
The most obvious strategy for staying in the black during tough economic times is to control costs. But how do you know where to cut down without compromising on the quality of your products and the efficiency of your business?

Employee Empowerment
Empowerment has nothing to do with fatuous statements like “Our people are our greatest asset”. Almost all companies who say such things treat their employees badly, keeping them constrained and confined in rigid roles, supported by limiting job descriptions and masses of bureaucracy. Yet, empowerment is a relatively simple process (in theory, if not in practice). here is a simple 6 step guide.
Leadership empowerment: what is it and how do you do it?
There is a significant amount of talk about the need to empower staff, but what do people mean by 'empowerment?' This article defines two different types of empowerment, and revealing the benefits. It also gives a quick snapshot of one way to implement it in the workplace.

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