Neptuner
Expert Member
- Joined
- Jun 26, 2016
- Messages
- 2,898
BBBEE has been the single most destructive act passed. It has destroyed the objectivity of Ownership, Management Control, Employment Equity, Skills Development, Preferential Procurement, Enterprise Development and Social-Economic Development within every industry of South Africa. State institutions and SOC's have been hijacked as a result of this act, to the point that sustainable institutions and SOC's have become liabilities. The very institutions which are suppose harness and bring stability to the economy.
They are running away from the negative effects thereofSo they're running away from BBBEE according to you?
It has "advantaged" the black person by burdening the taxpayer, many institutions and SOC's are in tatters... clearly unsustainable.The very legislation that's giving them a huge advantage according to some here?
This question comes across as if you reasoning without experience or appreciation of the subject... the white connection, maybe.. but one could argue a white lawyer was part of the team who drafted the act in discussion. It's irrelevant...So, somehow you agree BBBEE benefits the connected (including connected whites) and not the average nonaffiliated populace?