By Thebe Mabanga
Abandoning Broad-Based Black Economic Empowerment (B-BBEE) is not an option, what is required is proper implementation, backed by strong monitoring and enforcement mechanisms. Instead, BEE can be leveraged to address structural challenges such as market concentration, youth unemployment and critical skills shortages.
This is according to Deputy President Paul Mashatile, who spoke at the Frank Dialogue seminar on the future of B-BBEE, held at the Coastlands Umhlanga Hotel and Convention Centre in Durban.
The dialogue comes at a time when BEE is under attack from various quarters, including calls by the Democratic Alliance (DA) for it to be scrapped.
Mashatile said B-BBEE remains the most viable instrument to address historical inequality and drive inclusive growth.
“However, I acknowledge that the implementation of B-BBEE has faced inconsistencies and various hurdles over the years, some of which are still evident today,” Mashatile said.
“Economic opportunities remain largely concentrated, accompanied
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
