To the extent that SA has developed laws that emphasise race and “representivity” — which might dovetail with Black Lives Matter as a political campaign — she has a point. What these policies have meant for prosperity and economic sustainability, or whether they are a template for “a more equitable distribution of wealth in future”, is another matter.
Inequality remains stark. Indeed, post the 2008 financial crisis SA’s per capita GDP growth rate was about half that of the world as a whole, reflecting a decade of underperformance. SA faces dire challenges to its future, affecting none so much as the country’s poor, who are overwhelmingly black. At the most generous interpretation, racial transformation measures have failed to assist the country in addressing these challenges.
Even within the governing party, where racialised policy is holy writ, there has been criticism. As former finance minister Pravin Gordhan said: “BEE policies have not worked and have not made SA a fairer or more prosperous country.” The SA Communist Party has criticised BEE for reinforcing inequalities. This is not unexpected, of course.
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