EDITORIAL: Wait and see as another fantastical fund announced
Caution urged on R100bn transformation deal until further details are provided in a structured fashion
14 January 2025 - 05:00
There is little doubt that government’s BEE (BEE) laws have been a major disappointment. Not only have they failed to facilitate the entry of millions of black South Africans into the mainstream of the economy and create jobs, they have also failed to develop entrepreneurship and sustainable small businesses.
Twenty-five years on, it is worth rethinking the way government — through its development finance institutions (DFI) — and big business support small businesses, entrepreneurship and BEE that benefits more than a handful of politically well-connected individuals. ..
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