Black industrialists programme to get R40bn boost, says Ebrahim Patel

businesslive.co.za

- businesslive.co.za | 3 months ago

with the inclusion of time frames for initiatives to help the business sector to plan.

It also says its approach will set requirements, as part of the scorecard, to ensure that the beneficiaries of B-BBEE were genuine and not politically connected people. DA MP and trade & industry spokesperson Dean Macpherson said party leader Mmusi Maimane had highlighted that the “biggest reform we need to see is to scrap B-BBEE and put an end to the rent seeking, cost inflation and patronage network this system has become”.

“We must develop a new model of genuine redress and inclusive growth that creates a shared future that all South Africans can be a part of, one that recognises real disadvantage, talent and opportunity.

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