Requests for a small business to verify its status means more red tape and higher costs
23 February 2022 - 13:28
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Debbi Friedman’s letter refers (“Tax-paying companies penalised by BBBEE Act”, February 18). I recently received a request from a listed company for which we provide services (rent to) to verify our broad-based BEE (B-BBEE) status. More red tape and cost to me.
I am the owner of a small business (turnover less than R5m a year). More than 80% of the people/contractors we employ are not white.
The B-BBEE Act fortunately includes my “coloured” and Asian friends. So the only race it excludes is white people. Why does the government not call it the Broad-Based, White-Excluded Economic Empowerment Act? It would at least be more honest.
Philip Fourie Brackenfell
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
LETTER: Let’s be honest about empowerment law
Requests for a small business to verify its status means more red tape and higher costs
Debbi Friedman’s letter refers (“Tax-paying companies penalised by BBBEE Act”, February 18). I recently received a request from a listed company for which we provide services (rent to) to verify our broad-based BEE (B-BBEE) status. More red tape and cost to me.
I am the owner of a small business (turnover less than R5m a year). More than 80% of the people/contractors we employ are not white.
The B-BBEE Act fortunately includes my “coloured” and Asian friends. So the only race it excludes is white people. Why does the government not call it the Broad-Based, White-Excluded Economic Empowerment Act? It would at least be more honest.
Philip Fourie
Brackenfell
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
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