How real BEE can help ordinary folk

08 November 2020 - 00:00

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...

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