AfriForum slates BEE bill

2011-12-21 12:54

The Broad-Based Black Economic Empowerment Act Amendment Bill is “a step in the wrong direction”, AfriForum said.

Its lawyers were studying the proposed amendments and the organisation would be submitting comments, AfriForum deputy director Ernst Roets said.

The bill was recently published in the Government Gazette for public comment.

Companies found guilty of “fronting” could be fined between 2% and 10% of their turnover if the draft legislation becomes law.

The amendment bill defines black people as “Africans, Coloureds and Indians who are citizens of the Republic of South Africa by birth or descent, or who became citizens of the Republic of South Africa by naturalisation”.

The New Age newspaper yesterday quoted BEE specialist Andile Tlhoaele as saying that if the legislation became law, white women would no longer benefit from BEE policies.

Nor would white disabled people qualify.

“The further away we move from 1994, the more aggressive the legislation becomes,” said Roets.

He said BEE legislation dealt only with “outcomes”, and not “inputs” such as education.

“There is a lack of emphasis on education and training, which would address inequalities,” he said.


Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/News

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.