The BEE (Black Economic Empowerment) strategy of the South African Government is based on 4 key principles. They are:
The actual strategy document from the Department of Trade & Industry is available in the Download section.
It is instructive to view the empowerment classifications that Telkom has devised for its BEE policy. These are:
|Black owned (private company)||51% + owned & managed|
|Black owned (public company)||35% + owned & managed|
|Black empowered||25% - 50% owned & managed|
|Black influenced||5% - 25% owned & managed|
|Engendered||25% + owned & managed by females|
The Ithuba Trust believes that it is one of the few organizations in South Africa that is truly broad based in its beneficiaries, and that it serves predominantly the previously disadvantaged communities in South Africa. Since the Ithuba Trust acts as a conduit, the beneficiaries of the trust are its effective "shareholders", with all monies flowing to the Trust finding its way to the "grass root" communities in South Africa.