After the end of apartheid South Africa embarked upon one of the world’s most extensive attempt to redress racial inequality. At the centre of this effort is Black Economic Empowerment (BEE), a set of policies that, in effect, mandate firms to sell discounted assets to black investors, hire more black managers and procure more from black suppliers. But the flagship scheme of the African National Congress (ANC), the party in charge since 1994, is being questioned like never before.
