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June 30, 2009
State undermines BEE objective
WHEN the broad-based black economic empowerment scorecard was introduced it was hailed as a "carrot rather than stick" approach. Non-compliant companies would not be directly penalised but would pay a commercial price because they would be excluded from commercial opportunities.
But as the empowerment process got under way, the state in effect excluded itself from the rules. In tender procedures it still favours price above all in the award of contracts.
Posted by StaffWriter at June 30, 2009 10:35 AM