Distinguish between BEE and BBBEE
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The ( BEE ) means black economic empowerment. in this the policies is while BEE sought to write the wrongs of the past,where the (BBBEE) board - based black economic empowerment. in BBBEE the aims at distributing the wealth of the nation across all acres races and gender.
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While the former refers to a policy, the latter refers to its implementation
- The government's policy is referred to as BEE, while the policy's execution is referred to as B-BBEE. It stands as -
- BEE - Black economic empowerment.
- B-BBEE - Broad-Based Black Economic Empowerment
- This policy is prevalent in South Africa.
- Both terms allude to the same strategic framework that aims to correct past wrongs and spread the nation's prosperity to people of all races and genders.
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