By Staff Reporter
The Congress of SA Trade Unions has hit out at the Free Market Foundation and Solidarity for their new report advocating for an end to Broad-Based Black Economic Empowerment, saying it is underwhelmed by the research.
Cosatu parliamentary coordinator Matthew Parks said that the “The Costs of B-BBEE Compliance” research paper was little more than a collection of ideological grievances and random, but unrelated economic statistics.
“Despite its gotcha attempt at a title it does not provide a single instance of evidence to validate its thesis that B-BBEE is a financial burden to the state and a hindrance to economic growth and jobs,” he said in a statement.
“It provides no breakdown backed up by actual research as to any financial burden to the state nor how B-BBEE has been an obstacle to growing the economy and reducing unemployment.
“Strangely it cites statistics related to real and
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