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May 24, 2010
A rethink on BEE
Leolo argues economic deracialisation cannot happen in the current unguided manner.
It is important to remind ourselves of what (the dti) stated when it laid out its strategy on broad based black economic empowerment (BBBEE) that; "Apartheid systematically and purposefully restricted the majority of South Africans from meaningful participation in the economy.
Assets of millions of people were directly and indirectly destroyed and access to skills and self employment was racially restricted. The accumulation process under apartheid confined the creation of wealth to a racial minority and imposed underdevelopment on black communities. The result is an economic structure that excludes the vast majority of South Africans."
Posted by StaffWriter at May 24, 2010 10:15 AM