The worm has turned and virtually every South African political commentator whose legacy was to encourage a one man one vote ANC takeover in South Africa is now tearing into the government and its alliance partners. The country is on … Read the rest
Unless South African businesses hand over large chunks of equity to black shareholders, they will no longer be awarded so-called “BEE points” by government, which means that they could be forced out of business. According to the Johannesburg financial newspaper, … Read the rest
Businessman Richard Maponya criticised the government and black economic empowerment in an interview published in the Sowetan on Monday.
“It (BEE) is not a real thing because it takes away the self-initiative needed from young and up and coming entrepreneurs … Read the rest
Over two-thirds of Agang SA leader Mamphela Ramphele’s R55-million wealth reportedly came from BEE deals.
Ramphele, who decried current BEE policies as “failed” on the Agang SA website, made R40-million from empowerment deals, The Star reported.
“The way BEE has… Read the rest