Black economic empowerment (BEE) will be repsonsible for more than half (52%) of privately-held South African businesses changing ownership over the next 10 years. 

This is the latest finding from  Grant Thornton’s 2007 International Business Report (IBR), which also found that of those businesses expecting to change hands, 38% anticipate doing so within two years, 51% between three and five years and the remaining 11% within 10 years.
Ownership churn was last researched by Grant Thornton in 2005 and the expected pace of change for South African businesses has increased since then.
In 2005, 47% of respondents expected a change in business ownership within ten years. Of those, 77% anticipated the change to happen within the nextfive5 years (12 percentage points below the current results).
Globally, 28% of privately held businesses are expected to change hands within the next ten years. Of those businesses, 25% will do so within the next two years.
Following South Africa, New Zealand (51%), Canada (50%) and the Philippines (48%) are the next most likely to witness changes in company ownership over the next ten years.
Leonard Brehm, national chairman of Grant Thornton South Africa, comments on South Africa’s ranking; “The expected churn reported by South African businesses relates directly to Black Economic Empowerment.
"With the BEE Codes of Good Practice now gazetted and business ownership providing some of the highest points on the Scorecard, a change in business ownership makes sense for many people looking to ensure their businesses’ sustainability.”
When asked how respondents expected the change in business ownership to take place, 45% of South African respondents said sale to employees, followed by management buy-out or buy-in (35%).