semiautomatix
Honorary Master
Johannesburg - Black Economic Empowerment (BEE) is an economic and moral imperative for South Africa if correctly designed, the Democratic Alliance said on Monday.
For all those naysayers claiming the DA is intent on getting rid off AA and BEE.
Furthermore:
"BEE as it is currently constituted has created significant distortions in the economy, which have hampered growth and job opportunities without helping the poor," said MP Kobus Marais, DA spokesperson for finance.
BEE is obviously being excessively abused and, yes, it needs a review.
Interesting:
"In essence, wealthy BEE partners are hiding their gains behind the claim to mass empowerment, when in fact the parties who make up the 'mass empowerment' receive comparatively little," he said.
That is a "dark side" to BEE I didn't even realise. Once, again abuse abuse abuse of the people who need to benefit most.
More:
http://www.news24.com/News24/Elections/News/0,,2-2478-2479_2500533,00.html