LETTER: DA sees the light on BEE
Ditching similar policies has ensured prosperity for many other countries
I understand that the federal council of the DA has at long last accepted Deng Xiaoping’s dictum: “It doesn’t matter if the cat is black or white so long as it catches mice.” Used in the context of a China nearly destroyed by the ideological monstrosities of Mao Zedong, it summed up Deng’s pragmatic policies which made China the world power it is today. In SA the DA has finally grown sufficient cojones to dump the golden calf of black economic empowerment (BEE). While its reasoning has proceeded from strictly liberal principles, the plain fact is that BEE has not and can never succeed in growing the SA economy. If the emigration of thousands of young graduates and older experienced middle managers, the latest tales of corruption from the plethora of inquiries and the ineptitude that has led to renewed Eskom blackouts were not enough evidence, former prime minister Najib Razak of Malaysia is now in court on corruption charges. Malaysia introduced preferential employment opportunities...
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