that BEE benefits only about 15% of the black population, and data shows that while there has been a 113% increase in the number of wealthy black Africans since 2007, this population has shown the smallest growth in actual wealth.
In a recent Supreme Court of Appeal judgment in the case of AfriBusiness NPC vs the finance minister, it was found that the minister’s application of prequalification requirements was largely discretionary. Once the regulations were published, AfriBusiness challenged regulations 3, 4, 9 and 10 of the preferential procurement regulations of 2017 and was successful in invalidating three of the four regulations.
To introduce transparent BEE data capturing and a common platform for reporting within the ICT sector, the ICT SMME Chamber, together with the State Information Technology Agency, created thean online portal to publish all reported BEE activities quarterly and compute their effect.
And eventually be done away with....
BEE is an abject failure to the economy and a catalyst to grand scale corruption and looting of state resources. It should be abolished immediately
BEE is discrimination
It was a honor to be able to write on such an important topic... I applaud for continuing to give us a platform...
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