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The purpose of this paper is to provide an assessment of employment equity, Broad Based Black Economic Empowerment (BBBEE) and associated human resource management policies in South Africa. Polices and practices, and progress in representation of formerly disadvantaged groups are evaluated.

The paper comprises a general review using descriptive primary and secondary data and qualitative organizational factors.

The pace of representation and diversity at organisational levels is incremental rather than transformational. Conclusions for policy makers and organizational leaders are drawn, taking into consideration socio‐historical, political and demographic context of this jurisdiction.

The paper's findings and conclusions are pertinent for public and organizational policy and practice.

The purpose of the paper is to analyse the relationship between corporate social responsibility and the concept of Black economic empowerment in South Africa. The paper examines whether government interventions in the area of corporate social responsibility post‐1994 have been successful. The paper also assesses critically the level of voluntary commitment that businesses in South Africa have displayed in the area of corporate social responsibility.

Corporate social responsibility in South Africa pre‐1994 and post‐1994 is examined and compared. The Broad‐Based Black Economic Empowerment Act (2003), the new South African Companies Act (2008) and the King Codes of Corporate Governance Principles in South Africa are critiqued. A distinction is made between government and business corporate social responsibility initiatives.

The paper principally concludes that meaningful corporate social responsibility in the area of human rights can be better achieved if it is based on commitment and collaborative partnership.

The paper provides a basis for empirical research on corporate social responsibility and socio‐economic development in South Africa.

This paper adds to the growing discourse of academic literature that supports a strategic partnership‐based approach to corporate social responsibility.

The purpose of this paper is to examine the impact of Broad-Based Black Economic Empowerment (BBBEE) on the risk and returns of listed and delisted property firms on the Johannesburg Stock Exchange (JSE). The study was investigated to understand the impact of Black Economic Empowerment (BEE) property sector charter and effect of government intervention on property listed markets.

The study examines the performance trends of the listed and delisted property firms on the JSE from January 2006 to January 2012. The data were obtained from McGregor BFA database to compute the risk and return measures of the listed and delisted property firms. The study employs a capital asset pricing model (CAPM) to derive the alpha (outperformance) and beta (risk) to examine the trend amongst the BEE and non-BEE firms, Sharpe ratio was also employed as a measurement of performance. A comparative study is employed to analyse the risks and returns between listed property firms that are BEE compliant and BEE non-compliant.

Results show that there exists differences in returns and risk between BEE-compliant firms and non-BEE-compliant firms. The study shows that BEE-compliant firms have higher returns than non-BEE firms and are less risky than non-BEE firms. By establishing this relationship, this possibly affects the investor’s decision to invest in BEE firms rather than non-BBBEE firms. This study can also assist the government in strategically adjusting the policy.

This study employs a CAPM which is a single-factor model. Further study could employ a multi-factor model.

The results of this investigation, with the effects of BEE on returns, using annualized returns, the Sharpe ratio and alpha (outperformance), results show that BEE firms perform better than non-BEE firms. These results pose several implications for investors particularly when structuring their portfolios, further study would need to examine the role of BEE on stock returns in line with other factors that affect stock returns. The results in this study have several implications for government agencies, there may be the need to monitor the effect of the BEE policies on firm returns and re-calibrate policies accordingly.

This study investigates the performance of listed property firms on the JSE which are BEE compliant. This is the first study to investigate listed property firms which are BEE compliant.

The purpose of this paper is to explore what narratives of inequality tell us about societal inequality both inside and outside of workplaces. It illuminates the intertwined fates of social agents and the productive potential of seeing organisational actors as social beings in order to advance resistance and substantive equality.

This research empirically examines narratives of inequality and substantive empowerment among a group of 25 black bankers within a major bank in Johannesburg, South Africa. Data were gathered through one-on-one interviews. The data were analysed using narrative analysis.

The findings indicate that narratives of organisational agents always contain fragments of personal and societal narratives. An intersectional lens of how people experience inequality allows us to work towards a more substantive kind of equality. Substantive equality of organisational actors is closely tied to the recognition and elimination of broader societal inequality.

The implications for teaching and research are for scholars to methodically centre the continuities between the personal, organisational and societal in ways that highlight the productive tensions and possibilities for a more radical form of equality. Moreover, teaching, research and policy interventions should always foreground how the present comes to be constituted historically.

Policy and inclusivity interventions would be better served by using substantive empowerment as a theoretical base for deeper changes beyond what we currently conceive of as empowerment. At base, this requires policy makers and diversity practitioners to see all oppression and inequality as interconnected. Individuals are simultaneously organisational beings and societal agents.

Third world approaches to diversity and inclusion need to be vigilant against globalised western notions of equity that are not contextually and historically informed. The failure of equity initiatives in SA means that alternative ideas and approaches are necessary.

The paper illustrates how individual narratives become social scripts of resistance. It develops a way for attaining substantive empowerment through the use of narrative approaches. It allows us to see that employees are also social agents.

The purpose of this paper is to investigate whether an association exists between a firm's black economic empowerment (BEE) score and its share returns.

The study uses linear regression that controls for the factors explaining share returns identified by Fama and French. The study includes the Top 200 BEE companies according to the Financial Mail/Empowerdex Top Empowerment Companies survey for 2005‐2008.

The regression analysis shows a significant, negative association between a firm's BEE score and its share returns.

The results suggest that managers may be over‐investing in activities to improve their firms' BEE scores. This result is surprising. The long‐term effect of BEE investment, the association between the different elements of the BEE score and share returns and the optimal BEE investment level are all fruitful avenues for future research.

One of the elements of the BEE score is the percentage of black ownership of the company. Various studies have found positive market reactions to BEE deal announcements, which relate to the percentage of black ownership of the company. By contrast, this study investigates the relationship between an entity's BEE score, as opposed to a BEE deal announcement, and this entity's market performance. The results would be of interest to government policy analysts, investors and managers.

This article aims to examine the sustainability of European and SADC states' practice of agreeing bilateral investment agreements (BITs) for the promotion and protection of foreign investments in light of the latter's recent inauguration of Black Economic Empowerment (BEE) as a basic norm of regional customary international law and strategy for countering the social and economic legacy of apartheid rule on their territories for over half a century.

The approach taken is textual analysis and deconstruction of emergent SADC BEE legislation, substantive BIT legislation provisions, dispute settlement mechanisms and emergent jurisprudence on the tensions between BEE policy and BIT obligations.

The strong elements of exclusivity between European/SADC BIT dispute settlement mechanisms on the one hand, and the “ouster clauses” of SADC BEE legislation and regulations on the other, are mutually incompatible. This incompatibility threatens the sustainability of the EU/SADC states' BIT dynamic for the promotion and protection of foreign direct investments (FDIs).

Demonstration of BEE as SADC's emergent basic norm of social reconstruction for countering the social and economic legacy of apartheid rule in affected states and implications of that for EU/SADC policy on the promotion and protection of FDIs.

The purpose of this paper is to contribute to the literature on secondary equity offerings (SEOs) by examining the impact of the Black Economic Empowerment (BEE) policy on secondary equity offering (SEO) pricing dynamics of South African Real Estate Investment Trusts (REITs).

With a sample of 152 SEOs of South African REITs from 2010 to 2020, ordinary least squares (OLS) models, fixed effect models, parametric and non-parametric tests were applied to test for the impact of BEE on the underpricing of SEOs.

Significant underpricing is discovered in highly compliant (BEE) REITs; in other words, SEOs pricing of BEE compliant REITs are more underpriced compared to non-compliant BEE REITs. With this, BEE compliant REITs and more so, highly compliant BEE REITs in particular leave more money on the table.

The government is therefore aware of the impact policy interventions play when REITs raise financing through SEOS. With these, highly compliant BEE REITs will need to be more strategic when making BEE compliance decisions as this is shown in our study to impact the underpricing of SEOs.

This is the first study to investigate SEO underpricing for the BEE policy using the South African REITs context.

The purpose of this paper is to critically analyse the discourses of gender empowerment in South African organisations to determine the extent to which they reify or resist the entrenched oppressive gender binaries.

Multiple case studies design and critical discourse analysis were employed to collect and analyse the data. Research entailed critical analysis of 36 published documents containing information on gender and gender empowerment. Semi-structured interviews were also conducted with six transformation managers as change agents who are tasked with the responsibility of driving gender empowerment in the selected organisations.

The authors found that gender in studied organisations was insularly defined within the confines of the male–female gender binaries. Consequently, designed gender empowerment strategies and ensuing initiatives mainly focussed on promoting the inclusion of heterosexual women in and on protecting these women from heterosexual men. Thus, gender empowerment systematised heteropatriachy in organisational culture and processes while invisibilising and annihilating the possibility of existence of alternative genders outside these naturalised binaries. Transformation managers, as change agents, fell short of acknowledging, challenging and changing these entrenched ideologies of patriotic heterosexuality.

The paper uses Galting’s (1960) and Paul Farmer’s (2009) concept of structural violence and Rich’s (1980) notion of “deadly elasticity of heterosexual assumptions”, to theorise these gender empowerment discourses as constituting and perpetuating violence against queer bodies and subjectivities.

The paper recommends that corporates need to broaden their conceptions of gender and to design and entrench gender discourses that promote gender justice and equality.

This inquiry proves Joan Acker’s (2006) and Baker’s (2012) views that inequality and injustice are produced and entrenched in a reciprocal relationship between society and the workplace.

This paper focusses on constructions of gender in organisations. By doing so, it links the observed violence against women and gender binary non-conforming people in society with organisational discourses of gender that perpetuate such violence instead of challenging and changing it so that democracy can be realised for all.

The purpose of this paper is to assess whether any meaningful lessons can be learned from South Africa's early twentieth century experience of White poverty and to what extent such lessons can be applied in order to combat Black poverty today.

This paper uses quantitative measures to assert the scale of poverty for both White and Black poverty in the two periods. An extensive discussion of the causes of poverty in both periods concludes with specific policy implications for today. Because of the unique characteristics and history of South Africa, this paper provides a unique dimension to poverty analysis.

The paper suggests that three key policy lessons can be learned from the twentieth‐century effort to combat White poverty and applied to Black poverty as it exists in South Africa today: an improvement in the quality of education, an improvement in the property right ownership of the poor, and policies to eliminate the constraints on economic growth, by investment, for example, in infrastructure and new technological industries.

Caution is advised when comparing past eras with the present; in comparing two periods that differ widely, only tentative recommendations is possible.

Since many areas of the world are faced with the difficult task of eradicating poverty, attempts that, to any extent, are successful are of interest and contribute positively to the development of the available knowledge base. The time‐span and design of this paper offers a unique perspective on poverty eradication efforts.