PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
thulaniallenngwenya
 
Comments: 5
Article views: 348
 
 
Latest Badges:

 
View all thulaniallenngwenya's badges.
 

BBBEE must set limits

12 November 2012, 15:00

It is very disturbing that even after the hard fought for democracy we are still facing unfortunate realities of wealth inequalities. The fact is that we have many Blacks who are hardworking and in reality are the main drivers of our economy yet they remain at the very bottom when it comes to wealth echelons.


The Gov has worked hard to ensure that many Blacks are helped in climbing the echelons of wealth hence the introduction of the BBBEE Act and many other Acts meant to address the injustices done by the Apartheid System. This however has resulted in ONLY benefiting a few elite who are known to the public and possess a certain control over the public and sadly it is constantly them who are benefiting from BBBEE deals.


In a country that is experiencing so much social ills we really cannot afford to have Acts that are ensuring that only a certain people benefit whilst the majority are deprived due to not having the required capital to acquire the stakes. The BBBEE Act should be crafted in a way that is progressive as its mandate is to ensure that the PDIs are afforded opportunities to benefit and be advanced economically, not to make certain Blacks to be super rich and overlook the majority.



Tha BBBEE Act should be changed and be stringent by clearly stating that no one Black person should benefit from more than 10 BBBEE deals or limit total benefit to R50 million per individual so that many Blacks can qualify and benefit from this important and necessary Act. Those who want to be Billionaires must do that at their own expense and not of the majority poor South Africans. The BBBEE is not meant to make Blacks instant Billionaires but to help ALL Blacks to have a fair share in the economy.



For the country to move forward we should agree that there cannot be multibillionaires constantly benefiting from an Act meant to uplift the majority, A LIMIT MUST BE IMMEDIATELY PUT. 

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.
 

Read News24’s Comments Policy

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
5 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
siphokuhle dludla
The real South Africa today

Truth be told, South Africa is a country with palpable inequalities, which is a fact, it is a country where poverty continues to lacerate a huge number of our population particularly black people. Read more...

2 comments 165 views
Submitted by
Greypatriot
The ANC constitution does not off...

The official ANC constitution does not forbid or punish corruption. The term corruption is not listed or defined as a key term in the latest version of the official constitution of the ANC. Read more...

4 comments 147 views
Submitted by
LeboDang Macman
Why using race as a proxy doesnt ...

I am not an academic nor do I profess to be, so everything I write will be based purely on experience. Read more...

7 comments 361 views
Submitted by
Themba Simelane
Lost in my creative maze

Of all the projects that I excelled in and ultimately got to complete, it was those that I had done so in my self-enclosed space. Read more...

0 comments 72 views
Submitted by
KenEverett
God vs Evil Loo-Shin

I would like to present a few comparisons between these two unequal opponents so that those ‘on the fence’ can choose wisely. Read more...

138 comments 752 views
Submitted by
thailor
Don't be so yesterday! Wake-up an...

I urge the youth to inform their fathers, mothers and old relatives about the current state of our country. Read more...

4 comments 138 views

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Escape winter, head to Mauritius

Escape winter by spending 7 nights in Mauritius' tropical bliss from R13 215 per person sharing. Includes return flights, airport transfers and accommodation. Book now!

Kalahari.com - shop online today

Get many eggs in one basket!

Gaming bundles: 2 Super Hits games for R99, 3 Disney games for R99 and more + exclusive accessory bundles only available on kalahari.com. While stocks last. Shop now!

25% off bestselling books!

The Real Meal Revolution by Tim Noakes, Jeffrey Archer’s Be Careful What You Wish for, Man’s Search for Meaning by Victor E. Frank and many more titles. Shop now!

Up to 25% off electronics

Buy top electronics and save up to 25%. Such as kalahari.com’s 1# selling product the gobii eReader, Patriot X Porter flash drive, Asus Nexus 7” 3G tablet, Samsung Galaxy SIII, Lenovo G580 Notebook and many more. Shop now!

DStv HD PVR Decoder now R949

The DStv HD PVR Decoder has further revolutionised the television experience with lifelike viewing, sharper images, more vibrant colours and precision picture quality. Now R949, save R550. Offer valid while stocks last. Shop now!

Up to 30% off appliances & homeware

Save up to 30% on appliances and homeware this Easter! Offer valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on your iPhone Get News24 headlines on your iPhone.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

Calais Website keywords automated by OpenCalais.

 
Digital Media & Marketing Association
 
© 2014 24.com. All rights reserved.
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.