LETTER: BEE model needs to be scrapped, not empowerment
The idea of race-based empowerment in light of our country’s history remains a noble one
26 January 2023 - 14:09
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No sane and honest person can argue that the current BEE model , which was adopted by the ANC in the early 1990s, has been anything other than a colossal failure (“Is BEE here to stay or is it facing its demise?”, January 23). It has served only to enrich an already wealthy elite. Some analysts have rightly renamed it “blatant elite enrichment”.
However, the idea of race-based empowerment in light of our country’s history remains a noble one. I have observed that those who oppose race-based empowerment tend to use the failures of the current BEE model to taint it in general and drive the narrative that it is wrong.
There is nothing intrinsically wrong with race-based empowerment. The problem lies in the current model that has been used to advance it. What we need to do is to scrap the current model and replace it with one that will empower millions of black people and not just a tiny elite.
Ayanda Sakhile Zulu
Via email
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 Anonymous correspondence will not be published.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: BEE model needs to be scrapped, not empowerment
The idea of race-based empowerment in light of our country’s history remains a noble one
No sane and honest person can argue that the current BEE model , which was adopted by the ANC in the early 1990s, has been anything other than a colossal failure (“Is BEE here to stay or is it facing its demise?”, January 23). It has served only to enrich an already wealthy elite. Some analysts have rightly renamed it “blatant elite enrichment”.
However, the idea of race-based empowerment in light of our country’s history remains a noble one. I have observed that those who oppose race-based empowerment tend to use the failures of the current BEE model to taint it in general and drive the narrative that it is wrong.
There is nothing intrinsically wrong with race-based empowerment. The problem lies in the current model that has been used to advance it. What we need to do is to scrap the current model and replace it with one that will empower millions of black people and not just a tiny elite.
Ayanda Sakhile Zulu
Via email
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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