BEE: Article_Interesting take...

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MightyMuffinMan

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http://www.southafrica.info/business/trends/empowerment/bee.htm

very interesting read.

Here's the qoute that opened my mind to this:

Black economic empowerment – or broad-based black economic empowerment, as it is technically known – is not affirmative action, although employment equity forms part of it. Nor does it aim to take wealth from white people and give it to blacks. It is essentially a growth strategy, targeting the South African economy's weakest point: inequality.

"No economy can grow by excluding any part of its people, and an economy that is not growing cannot integrate all of its citizens in a meaningful way," the DTI says.
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ReaD THE WHOLE ARTICLE TO GRASP THIS IN THE CONTEXT IT IS USED.
 
pffffft,

"Legislation must gradually but purposefully ensure that each section of the ... population should as far as practicable, enjoy a share of each of the major occupations according to its proportion in the ... population" - Dr. Hendrik Verwoerd.

Government logic:

It is not affirmative action - because we say it isn't.
It isn't redistributing wealth from white people, although we can't implement this practice without taxing white people.
No one is forcing white people to implement, although they cannot get a tender if they don't score high on the BEE card in order to get paid back with their own tax money.
 
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Well someone has to say it:

BEE is a load of hogwash that has brought many a company to it's knees and even closed quite a few.
All it is is window dressing to please a racist goverment and this should have passed over as it has been enforced for too long now.
Sure I believe the best person for the job no matter what or where they come from but BEE is a creation that only will suit a communist regime which is what we currently have.

BEE = slow financial ruin and it has held our country and it's prosper at bay.

No I am not a racist but I detest anyone or anything that is unethical and false.
 
Hemi300c said:
No I am not a racist but I detest anyone or anything that is unethical and false.
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Why is it that white people always have to apologize when they want to point out other racist legislation. Seriously, get over the white guilt, stop acting like an idiot and stand your ground.

Proclamation of Amnesty and Pardon Granted to
All Persons of European Descent


Whereas, Europeans kept my forebears in bondage some three centuries toiling without pay,

Whereas, Europeans ignored the human rights pledges of the Declaration of Independence and the United States Constitution,

Whereas, the Emancipation Proclamation, the Thirteenth and Fourteenth Amendments meant little more than empty words,

Therefore, Americans of European ancestry are guilty of great crimes against my ancestors and their progeny.

But, in the recognition Europeans themselves have been victims of various and sundry human rights violations to wit: the Norman Conquest, the Irish Potato Famine, Decline of the Hapsburg Dynasty, Napoleonic and Czarist adventurism, and gratuitous insults and speculations about the intelligence of Europeans of Polish descent,

I, Walter E. Williams, do declare full and general amnesty and pardon to all persons of European ancestry, for both their own grievances, and those of their forebears, against my people.

Therefore, from this day forward Americans of European ancestry can stand straight and proud knowing they are without guilt and thus obliged not to act like damn fools in their relationships with Americans of African ancestry.
Click to expand...
http://econfaculty.gmu.edu/wew/gift.html


We have been pardoned.
 
Hemi300c said:
All it is is window dressing to please a racist goverment and this should have passed over as it has been enforced for too long now.
Sure I believe the best person for the job no matter what or where they come from but BEE is a creation that only will suit a communist regime which is what we currently have.
Click to expand...
It is pure racism, no question about, but you must be aware it is just part of wider mechanism used previously in Soviet type communists regimes. They set preferencial mechanism for working class on the expense of inteligence class. Here is a racial agenda, but goal is the same. Gaining cheap popularity from masses who will vote for them.
 
Nicodeamus said:
What was the point of the post? Government claims one thing and then they end up doing the opposite?
Click to expand...

+1
Seriously, racist policies like AA and BEE, combined with low education of people in hi positions, ensured South Africa's downfall. FFS, 25% (official) unemployment rate, virtually ALL government departments moer toe, rampant Aids epidemic, corruption, crime (violent and otherwise) etc etc. Does AA and BEE work? Of course it does. Ask Mugabe, Malema, Zuma, SS (Shabir Shaik) and other rich man :D
 
He He, the dumb effing peasants of Africa can not create $hlt even if they were sitting on on a gold, diamond, oil mine. Give me mentality.
 
sajunky said:
It is pure racism, no question about, but you must be aware it is just part of wider mechanism used previously in Soviet type communists regimes. They set preferencial mechanism for working class on the expense of inteligence class. Here is a racial agenda, but goal is the same. Gaining cheap popularity from masses who will vote for them.
Click to expand...
Yes, I remember those countries were known for their regular democratic elections.

Thugscub said:
He He, the dumb effing peasants of Africa can not create $hlt even if they were sitting on on a gold, diamond, oil mine. Give me mentality.
Click to expand...
:erm::wtf:
 
Among other things which have already been said, BEE is legalized corruption. My uncle was forced to give up at least 25% of a mining company he formed to a politician in order to get mineral rights.

So how is this broad based? The politician was already quite wealthy. It wasnt like my uncle was forced to give 25% to black people living in the area who might be affected or could otherwise benefit. Oh no, the government is not interested in helping the poor, they are just interested in reaping the cash. Anyone that says AA and BEE are actually there to help black people is badly mistaken.
 
Ancalagon said:
My uncle was forced to give up at least 25% of a mining company he formed to a politician in order to get mineral rights.
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Instead of giving 25% to a politician, why did he not rather fullfill BEE through?

- Employee share scheme, which can contribute positively to production and broad based empowerment

- Skills development, which can add value to his business

- Social programmes to local mining communities

All the above will contribute to a good BEE scorecard and positive standing with DMR.
 
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dlk001 said:
Instead of giving 25% to a politician, why did he not rather fullfill BEE through?

- Employee share scheme, which can contribute positively to production and broad based empowerment

- Skills development, which can add value to his business

- Social programmes to local mining communities

All the above will contribute to a good BEE scorecard and positive standing with DMR.
Click to expand...

His Uncle just wanted a short cut to the mining rights...
 
dlk001 said:
Instead of giving 25% to a politician, why did he not rather fullfill BEE through?

- Employee share scheme, which can contribute positively to production and broad based empowerment

- Skills development, which can add value to his business

- Social programmes to local mining communities

All the above will contribute to a good BEE scorecard and positive standing with DMR.
Click to expand...

Cos no mining rights if he did any of the above. He had no choice. Either give away 25% of the company to someone that didnt need it, or not form a company at all.

EDIT:

@sox63

Not a shortcut - if he wanted mining rights at all, thats what he needed to do.
 
Ancalagon said:
Cos no mining rights if he did any of the above. He had no choice. Either give away 25% of the company to someone that didnt need it, or not form a company at all.
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Why so? This is what many companies are doing successfully even big companies like Anglo/ Kumba.

I did some work for a farmer in Vryheid regarding the same issue. Instead, he opted to sell his stake to a BEE company because it was an easier route given the time frames. He did not have to give it away, he sold it at market value and we helped with technical evaluation of his assets for the BEE company.
 
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dlk001 said:
Why so? This is what many companies are doing successfully even big companies like Anglo/ Kumba. Many companies have done all those in DMR granted them their rights.
Click to expand...

You dont think they have connections that grant them the mining rights? believe me, they do. Anything else is just PR.
 
Considering the amount of corruption the ANC have institutionalized, do you really believe they will implement AA, BEE etc in a fair and equitable manner?
I don't, all I see is a grab as much as you can attitude. South Africa's future is being stolen right from under all South Africans by the current elite.
They don't care about the future of the country, all they know it's 'their time to eat'.
 
Ancalagon said:
You dont think they have connections that grant them the mining rights? believe me, they do. Anything else is just PR.
Click to expand...

Yeah you absolutely right, most politicians have connections within the DMR to “smooth” the process of licence application. I also know that many DMR department are corrupt especially Northern Cape and Limpopo.

The politician route is not sustainable in the long run because when it comes to renewal of those mineral rights, that particular politician might not be the favour of the day. Also, politicians are in it for a short-term to make money. Soon you will have to find another BEE partner.

This is why Anglo/Kumba have never gone the politician route but rather broad-based empowerment. Many companies are going the employee empowerment route rather than a politician. The ANC politicians do not like it because it does not enrich them, However, it satisfies DMR requirements and in most cases NUM supports it.
 
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