I don't see this as a way forward for the country. Are we not supposed to be trying to attract international business and investment to SA? How is trying to force these global companies into something which they might not be comfortable with going to achieve this goal?
If they are only willing to support the transformation process through skills development, then let them. It remains a win-win for SOUTH AFRICA, and not only for the elite few in the top "black ranks" (for the lack of a better word). Skills development is something we desperately need in SA, and kudus to anyone investing in that. IMO a global company investing in skills development will be far more benificial to the WHOLE SA than selling off bits and pieces to a couple of rich fat cats. The people at the top are already there, rather help the people at the bottom to get to the top, and no, the people able to buy up pieces of such companies are definately not at the bottom anymore, nor are they disadvantaged in any way.
I have not met any worker who has benifitted from any BEE equity deals. The people being appointed at top management level are again only a handfull that can be chosen from, and probably already have very cushy jobs already.
We will not uplift this country by providing top jobs to people who already have top jobs. We need to train and uplift the people living in shacks, begging on street corners, and the people living out of our garbage bins. Where is the money to do this supposed to come from if international companies are not given the oppertunity to do so?
...but then again, to have knowledge is to have power. Now would'nt that be nice.