A recent survey by Grant Thornton quoted in Business Report http://www.busrep.co.za/index.php?from=rss_&fArticleId=5454189 stated that South African Privately Held Business (PHB) owners believe black economic empowerment (BEE) to be an important factor in winning new business. Interestingly from a regional point of view, the survey found that BEE is far less of an issue in KwaZulu Natal (53%) in terms of winning business, while the Eastern Cape (66%), Gauteng (65%) and Western Cape (61%) rank BEE as an imperative. I have found that the awareness of BEE in KZN is not as great as it is in Gauteng, but I am certain that the recently Gazetted Industry Charters – Maritime, Construction, Tourism & Forestry – each especially relevant to KZN, will rapidly change this situation. Another factor at work in KZN is that companies here are more integrated than their counterparts in Gauteng; the large Indian population being the obvious reason. KZN accounts for 16% of the country’s GDP and the rapid growth of the North Coast may well increase this percentage. I am confidently predicting that the 53% number for KZN will increase in the months ahead. Alasdair Yuill
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