Week nine I got the chance to go home.
Although I was home i was still given some work to do, nothing hectic though.
I had to research what the term BBBEE meant, at first i thort Zainab had mistakanly
said BBBEE when she meant BEE whis is just BLACK ECCONOMIC
EMPOWERMENT.
So BBBEE-BROAD-BASED BLACK ECONOMIC EMPOWERMENT
The new term came about so that After the end of Apartheid in 1994 and with the advent of majority rule, control of big business in both the public and private sectors still rested primarily in the hands of white individuals. According to Statistics South Africa, Whites comprise just under 10% of the population, meaning that most of the country's economy was controlled by a very small minority. BEE is intended to transform the economy to be representative of the demographic make-up of the country. Successful implementers of BEE also see it as a means to create economic growth in South Africa, and a vital huhiug their enterprises' strategy.
wow cant wait to let my Boss know.
**********SIGNING OUT**********
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