Stronger BEE the only cure for failed empowerment, SUNDAY TIMES (Express Edition)
Stronger BEE the only cure for failed empowerment, SUNDAY TIMES (Express Edition), Business Page 7
BLACK economic empowerment (BEE) has not worked but that is no reason to scrap it, says Black Business Council CEO Xolani Qubeka. In the face of voluminous evidence that BEE encourages corruption and discourages investment and entrepreneurship, the council wants it to be strengthened. The politically wellconnected and highly influential black business lobby group, which split from Business Unity South Africa not long ago after accusing it of being too pro-white business, has been pressuring the trade and industry portfolio committee, which is considering amendments to the Black Economic Empowerment Act, and says it will also march on the National Treasury to get its way.
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