Standard Bank CEO Sim Tshabalala has delivered a clear and timely message: Broad-Based Black Economic Empowerment (BEE) must do more than tick boxes — it must create real, broad-based impact that reaches communities, not just boardrooms.
By Malcolm Libera -BusinessTech
Speaking this week, Tshabalala warned that unless BEE truly tackles poverty, inequality, and joblessness, South Africa risks losing the very trust and growth it needs to thrive. His comments come as the country endures yet another Eskom crisis, with energy experts warning that the national grid is likely to remain in a precarious “danger zone” for at least eight more weeks.
The link is clear: sustainable transformation and reliable energy supply go hand in hand. Without urgent progress on both fronts, business confidence, economic growth, and South Africa’s global competitiveness will remain under threat.
For leaders across sectors, the call to action is simple: drive empowerment that empowers everyone — and demand urgent solutions for the energy crisis that holds the nation back.
