The Efficacy of South Africa's Broad-based Black Economic Empowerment Policy

Abstract Twenty-five years after the end of apartheid, South Africa remains one of the world's most unequal countries. Broad-Based Black Economic Empowerment is one policy by which the government has sought to reduce inequality by promoting black involvement and ownership in the economy. This article discusses the efficacy of that policy as it relates to governance and needed improvements in education, entrepreneurship, and women's empowerment.