EDITORIAL: Broad-based BEE commissioner has gone rogue

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Act does not insist, as Zodwa Ntuli does, that beneficiaries behave as shareholders

The broad-based BEE commissioner is abusing her power and only minister Ebrahim Patel can stop her.

This is not true for the children of mineworkers, for instance, who benefit from bursaries raised from the profits of the Mineworkers Investment Company. Broad-based schemes, some of which have been pioneers of BEE, have been knocking on Patel’s door for two years to urge him to clarify their status It is also not the case that the discussion about BEE is an abstract, intellectual one. As every business owner knows, BEE has been codified to the nth degree. BEE has been shaped by many, many hours of deliberation by legislators, to hone and understand the proposals by government officials. An entire industry has sprung up to interpret and translate the codes and scorecards that have flowed from BEE legislation. It is a precisely codified subject.

 

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