Thabiso Goba | 13 September 2023
Though ActionSA supports affirmative action programmes that address the apartheid-created racial inequality in the country's economy, the party’s president has called for the act to be repealed.
JOHANNESBURG - ActionSA supports race-based affirmative programmes, however it is against government's Broad-based Black Economic Empowerment (B-BBEE) policy.
The B-BBEE Act of 2003 was introduced by the South African government to address the racial inequality in the country's economy due to apartheid.
In ActionSA's draft policy document, under economic justice, the party recognises that black, coloured, Indian and Asian people still face exclusion from opportunities.
However, ActionSA President Herman Mashaba said the B-BBEE Act should be repealed, as its original intention was being abused by political interests.
"Included in our proposal is the establishment of the Opportunity Fund, an unprecedented fund contributed by the South African businesses that will invest exclusively in grassroots opportunity generation in black, coloured and Indian communities that have been historically disadvantaged," he said on Tuesday.
‘Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER’.