The black business circle was formed in May 2000 at the Fancourt Hotel in George. This was a result of the need for black executive leaders to come together to share common challenges, initiate and give rise to new ideas. To date not only does the BBEC share matters of commonality between themselves but shape the South African Development including government policy matters.

BBEC creates the intellectual space where black business leaders can come together to challenge, debate and discuss critical issues that affect priorities on our national agenda. This enables BBEC to be the voice of the thought leaders drawn from the Black Business champions that contributes to shaping opinion and policy in an amiable environment.

The stature of the vast collective knowledge base of BBEC has led it to be the lead organisation in the Presidential Black Business Working Group which was set up to advise the President of South Africa on matters affecting this sector. The Chairman of BBEC also serves as the Chairman of the PBBWG.