BBBEE does not impoverish whites – Rob Davies

2013-10-17 13:00

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

No white South African has been impoverished by the introduction of broad-based black economic empowerment (B-BBEE) policies, says Trade and Industry Minister Rob Davies.

In written reply to a parliamentary question today, he said the policy was aimed at business.

“BBBEE policy is not meant to impoverish white people, as it is a business imperative for companies to comply with BBBEE in order to transform the economy.”

For this reason, both black and white companies were required to contribute to the transformation of the economy through BBBEE.

“Furthermore, there is no white person who is impoverished because of the introduction and effects of BBBEE,” Davies said.

The question was posed by Freedom Front MP Anton Alberts, who also wanted to know if the minister had any research at his disposal to indicate whether any unintended effects had ensued, or were still ensuing, from the policy and whether he intended to order such research.

Davies responded: “There has never been any research to reflect the unintended consequences of the BBBEE policy with regards to the impoverishment of white people; in this regard the department will welcome such study from the honourable member.”

Join the conversation! 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. 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
Comments have been closed for this article.

Inside News24


Book flights

Compare, Book, Fly

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


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 network.


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.