Faculty of Management Sciences
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Item The impact of the shutdown in the South African economy(Solid State Technology, 2020-11-10) Mbandlwa, ZamokuhleThe global economy has been affected by the scourge of COVID-19, the pandemic came at a time that was not expected by most countries in the world. The economy of developing countries has been more affected by the less movement and the shutting down of businesses and the economy. South Africa is not immune to the global economic crises caused by the pandemic. The public suffering has led to stringent measures to stop the spreading of the pandemic. The president of South African decided to shut down the country on the 26 March to stop the infection rates. This article will focus on the impact of the shutdown in South Africa and the role of the Sustainable Development Goals (SDG). Further, the National Development Plan vision 2030 (NDP) will be discussed about the disturbance of the plan caused by the COVID-19 pandemic. The socio-economic impact on public services and businesses in South Africa will be analyzed and discussed. This study applied a secondary research methodology which is normally known as desktop research. A combination of journal articles, newspaper reports, various meetings reports, and reports of economic experts in different platforms was utilized.Item An overview of the B-BBEE Act and its impact on black entrepreneurs in South Africa(Romanian Cultural Foundation, 2020-09-06) Mbandlwa, Zamokuhle; Anwana, Emem O.The South African government has introduced many policies that are aimed at addressing the imbalances of the past. The apartheid government policy was declared as a crime against humanity by the World Health Organization and various democratic institutions around the world. The current government had to balance the economy by giving more advantages to black people, black youth, people living with disabilities and women. The government was not prepared enough to transform the economy because policies did not represent the majority of blacks in South Africa. The B-BBEE policy has failed to deliver the economy to the majority of black people in South Africa. Only a few individuals and elite have benefitted from the system, whilst the majority of blacks are still living under the same economic conditions that they were subjected to during apartheid. The objectives of this study are primarily to present an overview of how B-BBEE has failed to transform the economy and failed to reverse the economic injustices of the apartheid regime. People who are benefitting are not entrepreneurs but tenderpreneurs who are in the business of exploiting resources for their own wealth, with no interest in economically equipping the majority of blacks. Tenderpreneurs are worse than the apartheid government that employed people who are performing the same services for the government on behalf of tenderpreneurs. Employees of tenderpreneurs are underpaid and work under unfavorable conditions. Additionally, this study presents black representability in senior private and parastatal institutions. This study applied a desktop research methodology to unpack previous studies, conference papers, newspaper reports and parliamentary findings relevant to the investigation. This paper found that various economic experts have identified several loopholes in the B-BBEE policy and several policy reviews have been conducted with no success.