Telkom CEO warns of unintended consequences of BEE

BEE needs to be re-imagined as Economic empowerment equity.

Things that it could consider:
  1. IT should favour South African businesses and supply chains
  2. It should consider salary ratios between entry level and top end jobs
  3. It should consider household income for employment
  4. what percentage of its revenue goes off-shore
Now all the above should only affect a small percentage of EEE requirements, say 15%, so that it only plays a moderate effect on selecting service providers. Innovation and efficiency should still be more important
 
Oh boohoo
BEE in general has been disadvantaging South Africa for some time now. People have had good alternatives or solutions to the very obvious BEE shortfallings including skills transfer and mentorship but nobody cares.
 
Sapphiron said:
BEE needs to be re-imagined as Economic empowerment equity.

Things that it could consider:
  1. IT should favour South African businesses and supply chains
  2. It should consider salary ratios between entry level and top end jobs
  3. It should consider household income for employment
  4. what percentage of its revenue goes off-shore
Now all the above should only affect a small percentage of EEE requirements, say 15%, so that it only plays a moderate effect on selecting service providers. Innovation and efficiency should still be more important
Click to expand...
That is logic, the ANC doesn't do logic.
 
It all makes sense if you think of SA as a pendulum. For a long while the pendulum was extremely one sided, then it was released (end of apartheid), as much as we all wanted it to swing back to dead center, it couldn't. Now it's been at the opposite extreme for a while. Next logical state is returning to somewhere more centralized. .... A sort of restoration of balance.... Hopefully people will learn that this is the only sustainable way
 
He's right. Even a front could earn a level 1 score while importing everything. Terrible government in not ensuring that the policy support local industry and jobs as they purport to be doing.
 
Senor said:
It all makes sense if you think of SA as a pendulum. For a long while the pendulum was extremely one sided, then it was released (end of apartheid), as much as we all wanted it to swing back to dead center, it couldn't. Now it's been at the opposite extreme for a while. Next logical state is returning to somewhere more centralized. .... A sort of restoration of balance.... Hopefully people will learn that this is the only sustainable way
Click to expand...

Even if this is possible, it is too little too late. The damage has been done. It will take a lot of patience and many, many decades, if not centuries, to repair the damage to the economy done by the ANC. Unfortunately, none of these people have this patience, this willingness, knowledge or skills to do this. The bells have rung for SA. It is game over. History never fails to repeat itself.
 
Sapphiron said:
BEE needs to be re-imagined as Economic empowerment equity.

Things that it could consider:
  1. IT should favour South African businesses and supply chains
  2. It should consider salary ratios between entry level and top end jobs
  3. It should consider household income for employment
  4. what percentage of its revenue goes off-shore
Now all the above should only affect a small percentage of EEE requirements, say 15%, so that it only plays a moderate effect on selecting service providers. Innovation and efficiency should still be more important
Click to expand...
1) No
2) No
3) No
4) No

Just get all meddling out of contracting. Only two factors should be taken into account.
1) Price
2) Quality
 
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