BEE helped white-owned companies to protect their turf

BEE helped white-owned companies to protect their turf

Professor William Gumede said Black Economic Empowerment (BEE) helped white-owned companies to avoid structural transformation and protect their turf.

 

[Hemi300c]

Yeah right

 

[Pegging]

Imagine how much 100% BEE can protect them from themselves.

 

[Herr der Verboten]

BEE helped white-owned companies to protect their turf

Professor William Gumede said Black Economic Empowerment (BEE) helped white-owned companies to avoid structural transformation and protect their turf.

Just like DSTV buying mybroadband.co.za?

 

[ToxicBunny]

Without seeing the full context of the AI driven nonsense from Newsday, I don't think he's all that wrong really, other than the reference to "white owned".

BEE helped entrenched players avoid competition and protected their markets is probably relatively accurate.

 

[rustypup]

By inference it was meant to *destroy* white-owned companies and the employment they provided? Or empower the transfer of ownership and control to the chosen few?

I'm not sure this argument is salient or rational. Why are we listening to this mouth-breather again?

 

[TheChamp]

Eish, now he is going to lose his good black status.

 

[Herr der Verboten]

Without seeing the full context of the AI driven nonsense from Newsday, I don't think he's all that wrong really, other than the reference to "white owned".

BEE helped entrenched players avoid competition and protected their markets is probably relatively accurate.

Luis the ai power cuban

 

[borro]

Eish, now he is going to lose his good black status.

Was probably concerned he’ll get a Firestone around his neck.

 

[Herr der Verboten]

There's a song for this thread

 

[KulQkumba]

Without seeing the full context of the AI driven nonsense from Newsday, I don't think he's all that wrong really, other than the reference to "white owned".

BEE helped entrenched players avoid competition and protected their markets is probably relatively accurate.

%
Instead of supporting genuine, existing and up-and-coming black entrepreneurs, the government opted to empower politically connected individuals. Big business just fell in line and so only a few elites ate all the pie without adding any value and business just carried on as usual...kinda.
It's now coming back to bite everyone in the arse because we have f-all growth which would have come "organically" from those genuine entrepreneurs.

 

[die_koos]

Here is the thing that we need to understand - even in a perfect world where BEE and Affirmative action are implemented 100% according to the intention and without any corruption it still places an administrative and financial burden on companies and for many companies that burden is the difference between making it or not making it.

 

[Herr der Verboten]

Here is the thing that we need to understand - even in a perfect world where BEE and Affirmative action are implemented 100% according to the intention and without any corruption it still places an administrative and financial burden on companies and for many companies that burden is the difference between making it or not making it.

What have you done to die_piet?

 

[die_koos]

What have you done to die_piet?

Left him and die_gert at the bar.

 

[KulQkumba]

Here is the thing that we need to understand - even in a perfect world where BEE and Affirmative action are implemented 100% according to the intention and without any corruption it still places an administrative and financial burden on companies and for many companies that burden is the difference between making it or not making it.

I think if it was implemented properly from the get-go with the real intent being to actually grow business from grassroots level and with a sunset clause, our country would look very different today. The benefits of helping huge numbers of people participate positively and formally in the economy would far have outweighed the burdens you've mentioned.
Unfortunately the milk is already spilled and now as you say the financial and admin burdens have become properly onerous

 

[Bigjay84]

More of that BEE journalism

 

[ShaunSA]

He's not wrong. Unfortunately it's a bit late to be right these days

 

[die_koos]

I think if it was implemented properly from the get-go with the real intent being to actually grow business from grassroots level and with a sunset clause, our country would look very different today. The benefits of helping huge numbers of people participate positively and formally in the economy would far have outweighed the burdens you've mentioned.
Unfortunately the milk is already spilled and now as you say the financial and admin burdens have become properly onerous

It was actually so simple.

1. Make it illegal to discriminate on race
2. Remove all laws and policies that are impeding growth
3. Invest in quality education

Then you would see a natural process of a growing economy needing more and more employees and businesses thereby creating the opportunity for people to uplift themselves.

But what did we do:

1. Added race based laws that are easy to exploit for corruption
2. Added more laws and red tape that makes it harder to start and grow a business
3. Allowed the teachers unions to effectively turn public education into a joke.

I'm old enough to remember when almost every big company had some kind of apprenticeship program where you could upskill yourself in a trade. This was not done out of charity or because it was forced upon them, it was because they needed well trained people because their businesses were growing.

If we could create an environment where business grows, they will out of necessity have to invest in training the people they need.

 

[dualmeister]

 

[GreyBush]

BEE shouldn't be a barrier of entry into business, I reckon it would work better if there were tax incentives for being a BEE company.