New law proposes scrapping BEE in South Africa – and replacing it with a new model

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The opposition Democratic Alliance has announced its intention to table the Preferential Procurement Policy Framework Amendment Act, or ‘Social Impact Bill’ for public comment.

The opposition Democratic Alliance says it will table the Preferential Procurement Policy Framework Amendment Act, or ‘Social Impact Bill’, as a private members’ bill for public comment.

This SDG-based model will better serve social and economic development for the most vulnerable communities in the country, the party said in a statement on Wednesday . Root causes of inequality will be directly addressed without relying on ineffective trickle-down redress; The SDG model is globally recognized, and is increasingly international best practice, whereas existing legislation is highly localised and not internationally accepted;


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smutsj333 We can see where this is going

South Africa can jump start its economy if it does the following: 1-Remove the race based BBBEE laws! 2-Remove all labour law red tape! 3-Reduce Corporate Income Tax to 22%! (This will be lowered to 27% this year tho

Appoint on skills not colour!

Whatever we are doing isn't working unless you're a politically connected elite so we got to try something else. All the unemployment, economic and inequality evidence has been one-way so BEE has NEVER worked. Doubling down is not a strategy for something with a 100% fail rate.

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