BEE Fronting: Time to punish transgressors and empower the poor
Kobus Marais, Shadow Minister of Trade and Industry
19 August 2010
Documents to Download
- Economic policy.pdf (119 kb)
The Democratic Alliance (DA) welcomes the call from the Department of Trade and Industry’s Black Economic Empowerment (BEE) Advisory Council proposing legislation criminalising BEE fronting. Such a move would give legislative weight to the effort to actually ensure a more equitable use of empowerment that actually benefits disadvantaged South Africans. Unfortunately, only changing the law won’t fix BEE in terms of empowering the poor. Its racial focus obscures the need for businesses to target the “broad-based” majority who are currently disadvantaged.