LETTER: Race-base relief unconscionable in time of crisis
IRR says tourism minister Mmamoloko Kubayi-Ngubane's B-BBEE police for small business aid needs to be fundamentally rethought
The Institute of Race Relations must thank tourism minister Mmamoloko Kubayi-Ngubane for the compliment she paid us in quoting from our critique of broad-based BEE (B-BBEE ).
It read: “Race-based empowerment policy has long been a burden on business, for both domestic and foreign firms, while having performed questionably at opening up opportunities for new entrepreneurs and having unquestionably failed to spur desperately needed economic growth. When the health emergency recedes, SA will need to go for growth with single-minded determination. It will need every ounce of entrepreneurial energy it can muster. The very stability of the country will be at stake if it does not.”..
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