POLITICS - South Africa needs a ‘bottom-up’ approach to BEE, says the DA

February 25, 2019

CITIZEN.CO.ZA  / 23 FEBRUARY 2019 - 10.21 / ANA STAFF REPORTER

 

 

 

South Africa needs a ‘bottom-up’ approach to BEE, says the DA

 

 

The DA supports a much simplified system that measures ”real empowerment”, where the current BEE scorecard will include time frames to help businesses plan for the medium- and long-term.

 

South Africa’s black economic empowerment (BEE) model needs to be overhauled with proper measuring tools introduced to keep track of outcomes, the Democratic Alliance said on Saturday.

 

DA Leader Mmusi Maimane at the DA 2019 elections manifesto launch in Johannesburg. Photo: Simphiwe Mbokazi /African News Agency

 

 

 

The party says the governing African National Congress’s “top-down” BEE approach enriched only a small group linked to the ANC, and has been ”captured by the elite” in the party, according to the DA’s 2019 elections manifesto launched at the Rand Stadium in Johannesburg.

 

”For far too long government’s approach to BEE has been top-down; that is to say government has focused energy on telling business what the end results of meaningful economic redress should look like, using a punitive and confusing points system to achieve these outcomes.

 

“The problem with this is that there are still many overwhelming challenges to economic redress that is truly broad-based. The DA believes it is not sustainable or effective to set these objectives for business when a bottom-up approach to economic redress has been so completely neglected,” the manifesto states.

 

The DA supports a much simplified system that measures ”real empowerment”, where the current BEE scorecard will include time frames to help businesses plan for the medium- and long-term.

 

To turnaround the stagnant economy the private sector needs policy certainty. The DA says the ANC government has ”flip-flopped” on important policy issues, with a hostile stance towards the private sector. Policy certainty for the business sector will be achieved through guaranteeing private property rights and the rejection of expropriation of land without compensation.

 

”We believe in land reform that grows jobs, expands ownership and the economy, and enables economic justice. This does not require expropriation or state ownership, but a government capable of using existing provisions in our Constitution,” the manifesto document states.

 

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LINK : https://citizen.co.za/news/south-africa/politics/2089404/south-africa-needs-a-bottom-up-approach-to-bee-says-the-da/

 

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

 

The party says the governing African National Congress’s “top-down” BEE approach enriched only a small group linked to the ANC, and has been ”captured by the elite” in the party, according to the DA’s 2019 elections manifesto launched at the Rand Stadium in Johannesburg.

 

”For far too long government’s approach to BEE has been top-down; that is to say government has focused energy on telling business what the end results of meaningful economic redress should look like, using a punitive and confusing points system to achieve these outcomes.

 

“The problem with this is that there are still many overwhelming challenges to economic redress that is truly broad-based. The DA believes it is not sustainable or effective to set these objectives for business when a bottom-up approach to economic redress has been so completely neglected,” the manifesto states.

 

The DA supports a much simplified system that measures ”real empowerment”, where the current BEE scorecard will include time frames to help businesses plan for the medium- and long-term.

 

To turnaround the stagnant economy the private sector needs policy certainty. The DA says the ANC government has ”flip-flopped” on important policy issues, with a hostile stance towards the private sector.

Policy certainty for the business sector will be achieved through guaranteeing private property rights and the rejection of expropriation of land without compensation.

 

”We believe in land reform that grows jobs, expands ownership and the economy, and enables economic justice. This does not require expropriation or state ownership, but a government capable of using existing provisions in our Constitution,” the manifesto document states.

 

------

 

LINK : https://citizen.co.za/news/south-africa/politics/2089404/south-africa-needs-a-bottom-up-approach-to-bee-says-the-da/

 

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

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