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February 12, 2010
BEE: A man-made disaster
Sipho Ngcobo dissects the problems with BEE.
JOHANNESBURG - I would really hate to say I told you so.
The brutally frank pronouncement by Deputy President Kgalema Motlanthe about a week ago that black economic empowerment has failed is an amazing vindication of what I have been trying to argue.
Often times I felt like a raving lunatic hell-bent on rubbishing a noble cause.
But that's what most elements of broad-based black economic empowerment (BEBEE) are, - rubbish.
Maybe let's begin where we are supposed to begin: What was the original, genuine objective behind the BEE policy?
Posted by StaffWriter at February 12, 2010 8:10 AM