How real BEE can help ordinary folk
TIMESLIVE - OPINION / 08 NOVEMBER 2020 - 00.00 / WILLIAM GUMEDE - COLUMNIST
Black economic empowerment, one of the most wasteful, costly and ineffective redistribution strategies devised in any post-colonial society since the end of World War 2, should be scrapped.
With about R1-trillion transferred in the form of BEE deals since the early 1990s, the strategy has benefited only a handful of politically connected black political capitalists, a select group of white-owned big businesses and an assortment of white-owned transaction brokers, financiers and law firms...
Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER