Wanted now: BEE 2.0
Ramaphosa’s war-room must urgently implement a revised version of black economic empowerment that catalyses development
One of the more exciting developments coming out of the 2019 elections is the news that President Cyril Ramaphosa will be establishing a war-room and advisory team to urgently look at government’s policy framework. There is no doubt that this is a much-needed intervention, particularly for clarity on SA’s overarching macroeconomic policy. This is necessary to ensure sustainable economic growth and job creation, to speed up economic inclusion, and to increase the appetite of potential international investors.
I’ve just returned to SA after three years working in other parts of the continent, and the geographical distance has made me well aware of the gaps in our overall policy framework. It’s also clear that some key policy issues need to be rapidly brought in line with developments in other parts of the world — for example, to embrace and take advantage of the fourth industrial revolution, which could enable huge leaps in the use of technology and change the entire dynamic o...