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You Were Lied To, BEE Was WEE – White Economic Empowerment

Buzz South Africa / 17 October 2017 / Nedu

Black South Africans were deceived. They have been lied to, Black Economic Empowerment (BEE) never existed in South Africa. The BEE policy was WEE – White Economic Empowerment and, it has been in place since 1652.

The sentiment was expressed by the Black First Land First (BLF) movement. According to the party, the fact that the weight on tenders is currently biased towards pricing means that black businesses are systematically excluded.

BLF pointed out that tenders are currently evaluated in terms of 80% price and 20% preference for tenders of R30 000 to R50 million. “The ratio gets worse when it gets to the real money,” added BLF.

“Tenders of above R50 million are evaluated on a 90/10 split making pricing the overwhelming determinant of awarding tenders and therefore ensuring white monopoly capital is the biggest beneficiary of tenders.”

Based on the above, BLF asserted thus: “The current policy must not be called BEE but rather White Economic Empowerment (WEE), which has been in place since 1652. WEE explains why white monopoly capital still gets up to 90% of the annual procurement government spend of R500 billion.

It gets worse in the infrastructure sector where around R900 billion goes to white companies. The provincial chairperson of the African National Congress (ANC) in KwaZulu-Natal, comrade Sihle Zikalala is correct to call for the reform of the BEE process so that it can benefit those who were oppressed under colonialism and apartheid.”

Earlier this week, Zikalala – KwaZulu-Natal’s MEC for economic development came up with a proposal for changes to BEE policy. Among other things, the MEC wants Indians and coloured South Africans to be prohibited from competing for state tenders exceeding R50 million.

While Zikalala has been excessively lashed for thinking-up such “nonsense”, BLF divulged that it would seek a meeting with the MEC to better understand his views on the issue. The party said white-owned media sensationalized Zikalala’s views just to tarnish the call for radical economic transformation. Read more: https://buzzsouthafrica.com/white-economic-empowerment/


LINK - https://buzzsouthafrica.com/white-economic-empowerment/

Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER

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