Good Business Basics: Lofty promises have not been kept

February 4, 2020

SOUTHCOAST HERALD / 03 FEBRUARY 2020 - 14.00 / VIJAY NAIDOO

 

 

 

A raft of legislation over the years, notable for being unenforced, has paid nothing but lip-service to one of the most important economic transformation tools.

 

A snippet caught my eye in the Sunday Times recently:

 

 

Vijay Naidoo.

 

 

 

“The abuse-prone system of awarding government contracts is to undergo sweeping changes following the discovery of ‘irregularities’ in tenders awarded by the Public Works Department”.

 

Nothing new, many would say, except that this was a statement issued by then Minister of Public Works Jeff Radebe and Deputy Minister of Finance Alec Erwin on January 22, 1995.

 

Remedy

 

If this does not illustrate the shocking inability or unwillingness of the ruling party to remedy an issue that was highlighted 25 years ago, nothing does.

 

One year after assuming office under the new dispensation, the rot that characterises public procurement to this day was identified, clearly not as a cancer that was allowed to fester under the previous regime, but as something to be manipulated and plundered by the new holders of the levers of power.

 

Lip service

 

Lofty promises by both ministers in 1995, and those who followed them, up to the present day, to “overhaul state procurement” and “stamp out abuse” amounted to naught.

 

A raft of legislation over the years, notable for being unenforced, has paid nothing but lip-service to one of the most important economic transformation tools.

 

In the right hands, and with the proper will, the noble concepts of Black Economic Empowerment.

The push to accelerate and advance what should have been done over 20 years in a much shorter time is undoubtedly going to undermine and destabilise an already fragile economy.

 

(BEE), later Broad Based Black Economic Empowerment (BBBEE), Preferential Procurement Polices (PPP), and set asides could have engineered a meaningful and sustainable transformation of the economy.

Inaction

 

What this inaction has spawned, out of frustration by the marginalised, is a more strident approached, characterised by the supporters of Radical Economic Transformation (RET) movements.

And for this, the ruling party has no one but themselves to blame.

 

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LINK : https://southcoastherald.co.za/393283/good-business-basics-lofty-promises-not-kept/

 

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

 

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