Instead of righting the economic wrongs of the past, BEE had the opposite effect as the economic plight and well-being of the vast majority worsened due to ill-conceived and poorly implemented legislation.
It cannot be gainsaid that urgent economic redress of the previously disenfranchised majority was one of the government’s most pressing priorities post-1994 and it was for this reason that a raft of BEE legislation was promulgated with the intention of delivering real economic empowerment to the masses…..more