Work

Corporate responsibility for socio-economic transformation: A focus on broad-based black economic empowerment and its implementation in South Africa

Year: 2013

Type: article

Abstract: This article illustrates corporate responsibility for socio-economic transformation with a focus on broad-based black economic empowerment (BBBEE) and its implementation in South Africa. This article clarifies the need for the corporate sector to ensure consistency in the implementation of socially responsible behavior, particularly in the area of black economic empowerment. The article highlights that there is both a moral and legal obligation for the company to ensure that there is an efficient implementation of BBBEE. The present study was conducted within a qualitative and quantitative paradigm to investigate the implementation of BBBEE. The findings of the study reveal that business has been proactive insofar as engaging in BBBEE practices are concerned. Key words: Corporate social responsibility, broad-based black economic empowerment, socio-economic, transformation, employees, discrimination.

Source: AFRICAN JOURNAL OF BUSINESS MANAGEMENT

DOI: 10.5897/ajbm11.651

Authors: Juggernath Swastika, Rampersad Renitha, Reddy K

Institution: Durban University of Technology

Language: English

Topic: Corporate Social Responsibility and Sustainability

Subfield: Organizational Behavior and Human Resource Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W2120905207

FWCI: 9.563

Cites: 20

Cited by: 31

Related to: 10