Sanlam Transformation Gauge: Is policy keeping pace with industry change?

With sector-specific analysis, the 2023 report gives an objective assessment of economic transformation in SAThe third edition of the Sanlam Transformation Gauge is set to provide clarity on the performance of broad-based BEE in SA through a comprehensive economic transformation scorecard of the country. The report will be published by Sanlam, the largest non-banking financial services group in Africa, in partnership with theSince legislated in 2003, BBBEE has faced severe headwinds.

With sector-specific analysis, the report will pose the burning question: “Is BEE policy keeping pace with major changes in industries?” It will assess the unseen solutions that could solve persistent policy uncertainty regarding procurement and other areas of BEE. The Sanlam Transformation Gauge 2023 pursues a current view across ownership, management control, skills development, enterprise supplier development and socioeconomic development, to inform industry and country conversations. One consistent theme is that the reality on the ground is worse than the scorecards suggest.

Like the second iteration, the panel of economic and social development experts will put forward actions for progress in the annual publication. For example, the 2022 edition highlighted the lack of a credible and effective national measurement process for BBBEE.

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