Die ANC regering het nie oornag hierdie wetgewing (of beleidsdokumente) opgestel en geskep nie, dit is ook in samewerking met liberaal verligtes en klassieke liberale blankes gedoen. Dit is al sedert 1994 aan die gang en sedert 1997 op die wetboeke wat Nelson Mandela die wetgewing onderteken het om te implementeer sodat al wat blanke is geen toegang het tot die ekonomie nie. Inteendeel het die saad van rassisme in Dakar ontstaan waar George Soros dit befonds het en dit het in Kodesa se grondwet gestalte gekry. Diskriminasie en rassisme sprei ook uit in die sportgebied, tenders en op alle vlakke van regering, privaat besighede, banke, letterlik alles. Dit is ook hoegenaamd nie in lyn met internasionale reg nie.
Black Economic Empowerment and Affirmative Actions are legislations, implemented only against the white minority peoples of South Africa. Various people have no income and live in squatter camps and under the trees. B-BBEE is not a political party’s or “policies of government” but it is actually legislations supported by various political parties in partliament.
The ANC government did not draft and create this legislation (or policy documents) overnight, it was also done in conjunction with liberal enlightened and classic liberal whites.
It has been going on since 1994 and since 1997 on the law books that Nelson Mandela signed the legislation to implement so that all white people have no access to the economy.
On the contrary, the seed of racism originated in Dakar, where George Soros funded it, and it came to fruition in Kodesa’s constitution. Discrimination and racism also spread in the sports field, tenders and at all levels of government, private businesses, banks, literally everything. Nor is it at all in line with international law.
BEE in South Africa is racial economic policy in hyperdrive. It should be a warning to other countries that trying to address historical grievances through racialised socialistic means is a recipe for failure.
The net effect is wealth destruction and perpetuation of chronic, widespread poverty. South Africa’s per capita GDP, at around $6,000 in 2019, has not increased in inflation-adjusted terms in a quarter-century and is down about 10% since the introduction of BEE. Meanwhile, the mean increase in real per capita dollar GDP in our sample since 2004 has been around 70%3. If South Africa had grown in line with the sample mean since 2004, per capita GDP would be nearly double what it is today.
BEE in South Africa is a form of racial socialism. It forces productive members from all cultural communities to subsidise connected political opportunists. BEE, therefore, leads to a greater emphasis on getting ahead using coercive means and a lower emphasis on getting ahead with voluntary actions. Instead of spending limited time focused on serving the needs of others using resources efficiently, much time and effort is spent securing political favour, jostling for political positions, deemphasising the needs of customers relative to those of compliance officers, and having a lower regard for economising resources and the formation of productive capital.
Twenty-five years since the election of Nelson Mandela as president of South Africa, the country remains home to some of the most market-invasive, race-based economic policies in the world. At the heart of this system are provisions for Affirmative Action (AA) and unique statutory measures for Black Economic Empowerment (BEE). These laws are suffocating the South African economy.
AA and BEE developed in the context of post-apartheid South Africa. Affirmative Action is mandated by the Employment Equity Act of 1998, which mandates companies to alter their workforces until they reflect the racial composition of the local economically active population.
BEE was introduced formally in 2003 as the Broad-Based Black Economic Empowerment Act (BBBEE Act). It goes much further than AA, requiring companies in South Africa to structure their corporate ownership, boards, management, staff, procurement, and charity based on racial classification.
The “whiter” a company’s shareholders, board, management, employees and suppliers, the lower its BEE score (yes, there is an actual scorecard). The “blacker” a company, the higher its BEE score. In the mining industry, the BEE Charter (an industry regulation in terms of the B-BBEE Act) requires a 30% BEE shareholding in companies applying for a new mining right.
South Africans are still racially classified for BEE and AA purposes. The most favoured group is those classified as “black/African,” regarded as the most disadvantaged during Apartheid, the unjust system of racially-applied laws that the government began dismantling nearly 30 years ago. The next most favoured groups are “coloureds” (a group descending from Europeans, indigenous Africans, and Indo-Malayans) and “indians” (descendants of Indian settlers). These groups are deemed to have been disadvantaged by Apartheid, but not as much as blacks were. The least favoured group for AA and BEE purposes is “whites,” both Afrikaans- and English-speaking, who descend mainly from European settlers (or are recent European settlers themselves) who arrived in the region predominantly from the mid-17 th Century until the latter half of the 20th Century.
Russell Lamberti is from the Mises Institute South Africa and Chief Strategist at investment advisory firm ETM Analytics. He is co-author of When Money Destroys Nations. He lives in Johannesburg, South Africa.
In South Africa, race legislations are only against the white minority group of people (Affirmative Action and Black Economic Empowerment) that violated our white’s human rights – the ANC, with other political parties, destroyed our economical, cultural and social rights since 1994. It is all written into their so-called “rainbownation”‘s constitution with legislations.
Racism, Discrimination, Crime and Corruption – UN (prevention)
It is critical to make the fundamental foundational shift to an economy that supports the entrepreneurs who will be the businesses of tomorrow. By creating new markets, business models and employment opportunities, African business enterprises have the potential to set the economy in motion towards a brighter, more equitable future.
B-BBEE – Shanduka black umprellas
Hosken Consolidated Investments Limited (HCI) is a black empowerment investment holding company which is listed in the financial sector on the JSE Securities Exchange South Africa. HCI’s major shareholder is the South African Clothing and Textile Workers Union. The group is involved in a diverse group of investments including hotel and leisure; interactive gaming; media and broadcasting; transport; mining and properties.
Hosken Consolidated Investments (HCI) – B-BBEE
Ramaphosa was and still is the driver of the liberal movements since 1982 (Broederbond) and also the Dakar meetings (1986). He was appointed in the South African parliament, as MP and financed by George Soros and other liberals. A commission was created and he chaired that commission, to investigate and then implement B-BBEE legislations that promotes social poverty and destroys businesses, especially white Afrikaner and Boer businesses.
Racism and discrimination – B-BBEE legislation – Ramaphosa
There is a double standard at play here in South Africa with B-BBEE legislations – it is not only normal crime, corruption and murders. To discriminate against any race group ( in South Africa ) is an international crime and violation of our people’s human rights.
B-BBEE – violation of white people’s human rights – sport quotas
B-BBEE – The Act provides a legislative framework for the promotion of BEE, empowering the Minister of Trade and Industry to issue Codes of Good Practice and publish Transformation Charters, and paving the way for the establishment of the B–BBEE Advisory Council. B-BBEE legislation is only against the WHITE minority groups in South Africa.
B-BBEE legislation and rules