B-BBEE legislation : so-called mandate

 

How many blacks receive the B-BBEE benefits in South Africa?   How many of them are immigrants.  No census was done and some of those articles are “speculation” – we are now, since 1994 in a communist government, a so-called democracy, with all those racial legislations.  Just a reminder, B-BBEE is not an ANC policy, it is legislation from National Government – DA is part of this and the EFF.     It is forced integration – watch the different B-BBEE certificates and “rules” as well.  Everywhere where you go, are mostly black workers.    Who gave this mandate of B-BBEE legislation   …

THERE WAS NO MANDATE FOR THIS

South Africa’s first democratic government was elected in 1994 with a clear
mandate to redress the inequalities of the past in every sphere: political, social
and economic. This mandate is embodied in the Constitution. The legislation
that has been enacted, as well as the policies and programmes introduced and
implemented since 1994, have sought to fulfil this mandate. Much has been
accomplished in each sphere and, at this juncture, the economic transformation
of our country is truly under way and has started to pay dividends to our people.
While much has been achieved, the extent to which the majority of black people
participate meaningfully in our economy remains far too limited and it is necessary
to introduce a coherent and focused strategy for broad-based black economic
empowerment.

Government has made a commitment to set aside finance to support the BroadBased BEE process. A new mandate for the NEF and a review of the roles of other
development finance and support institutions, to ensure that these resources ar e
effectively and efficiently employed, will be developed by the dti and National
Treasury. Financing mechanisms will be varied and will include guarantees,
grants, incentive schemes, loan and equity financing. A market-making facility is
being considered in order to prevent undesirable ring fencing and thus an illiquid
situation for BEE assets. This is likely to be limited to more strategic areas. The
Employment and Investment Cluster of Directors-General will convene a meeting
of development and parastatal institutions to discuss further improvement to the
accessing of financial and other support by black-owned firms.

In order to strengthen the IDC’s fundamental BEE funding practices and mandate,
a new BEE policy was accepted in 2002. This policy was intended to further
create an enabling environment for the IDC to play a catalytic role in the recovery
of the SA economy through the transfer of ownership, management and control to
black people. The policy highlights the IDC as one of government’s implementing
agents in sustaining economic and industrial development and job creation in South Africa by including the majority of people in the mainstream economy.

Click to access bee-strategy.pdf

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IT IS AN ACT

 

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Construction charter –  “I own a small building contractor business. BEE is becoming increasingly important for my business. I understand that the Revised Construction Sector BEE Codes provide an opportunity for a small construction business to be exempted from BEE. Is this correct? If so, what must I do to qualify for the exemption?”

https://probonomatters.co.za/2017/06/how-does-the-amended-construction-charter-impact-on-small-construction-companies/

 

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THE STRATEGIC PLAN

https://www.bbbeecommission.co.za/strategic-plan/

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Democratic Alliance
The DA is, therefore, seeking ways to broaden economic inclusion for those that have been previously and deliberately excluded by virtue of race, but also gender and disability, to name but a few.   Our goal is to advance the empowerment of disadvantaged South Africans, the majority of whom are black. Therefore, the DA unequivocally supports the empowerment of black South Africans.   The painful legacy of apartheid persists in our society today, and continues to largely define opportunity and life chances. This is wrong, and is inimical to a fair society, which is a core value of the Democratic Alliance. It is therefore both a moral and economic imperative to take active steps to redress this legacy.
https://www.da.org.za/2018/08/das-position-on-economic-empowerment