- Title
- The impact of economic downturn on black economic empowerment and banks
- Creator
- Daniels, Sinclair Lonwabo
- Subject
- South Africa -- Economic conditions -- 21st century
- Subject
- South Africa -- Economic conditions
- Subject
- Business enterprises, Black -- South Africa
- Subject
- Blacks -- Employment -- South Africa
- Subject
- Employee empowerment -- South Africa
- Subject
- Banks and banking -- South Africa
- Date Issued
- 2010
- Date
- 2010
- Type
- Thesis
- Type
- Masters
- Type
- MBA
- Identifier
- vital:8620
- Identifier
- http://hdl.handle.net/10948/1505
- Identifier
- South Africa -- Economic conditions -- 21st century
- Identifier
- South Africa -- Economic conditions
- Identifier
- Business enterprises, Black -- South Africa
- Identifier
- Blacks -- Employment -- South Africa
- Identifier
- Employee empowerment -- South Africa
- Identifier
- Banks and banking -- South Africa
- Description
- The purpose of this treatise is to ascertain the impact of economic downturn on Black Economic Empowerment (BEE) and Banks. This has been sparked by the huge speculations in the market as to what will happen to BEE and how will the banks cope in general with the impact of this scourge. It is imperative to understand the influence of the 2008+ economic downturn on socio-economic reconstruction and development in South Africa and the black economic empowerment and its funding mechanisms. The treatise has two phases the, namely the theoretical phase and a bit of narrative phase. In the theoretical phase the research study interrogates what the literature review reveals about the economic downturn, BEE as well as performances of different banks across the world. This shows the economic impact that the banks have had to endure during the economic downturn. This resulted in stock markets losing their value. The dividend earners were significantly affected including a sizeable number of BEE companies. The BEE companies are perceived to be too reliant on debt on to finance their deals and this treatise will look at various options of financing a BEE deal and what is deem to the most suited financing structure. The narrative phase involves semi-structured interviews that were conducted in order to ascertain the real impact that South African were faced with and how they have managed to steer clear of the turbulent waters. This also looked at how the BEE consultant views the current occurrences in the market.
- Format
- x, 148 pages
- Format
- Publisher
- Nelson Mandela Metropolitan University
- Publisher
- Faculty of Business and Economic Sciences
- Language
- English
- Rights
- Nelson Mandela Metropolitan University
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