Definition of black economic empowerment in English:

black economic empowerment

noun

  • The empowerment of black people to participate in the economy; specifically (in or with reference to South Africa) a government programme incentivizing the provision of employment and business opportunities for black people, with the aim of redressing their economic marginalization during apartheid; abbreviated "BEE".

    The South African government programme was developed in the 1990s, and the Broad-based Black Economic Empowerment Act was passed in 2003.

Origin

1960s.