PLEASE NOTE:

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

 
No.You're a handbag
 
Comments: 36
Article views: 2584
 
 
Latest Badges:



 
View all No.You're a handbag's badges.
 

The Problem with BEE

02 October 2012, 22:12

For nearly two decades, we've had the notion of BEE as a magic wand that will miraculously solve everything rammed down our collective throats.

In spite of a spectacular LACK of transormation (lawd, it's sounds like a butterfly's metamorphosis, doesn't it?) that this has brought about, our government continues to preach the value of their BEE program, as they do in this article: http://www.fin24.com/Economy/BEE-an-economic-imperative-Davies-20121002.

However, while Davies continues to wax lyrical about the almost mystical power of BEE to get the masses out of their shacks and into the boardroom, there are a few things that are glaringly obvious to everyone not wearing ANC tinted spectacles.

First, there's the issue of ability.

I'm not denying that there are smart black people out there - lots of them. However, in all but a few cases, those are NOT the black bums that end up in the driver's seats here.

I like to think of it like this - you can dress a monkey up in a suit, and call him CEO, but he stays a monkey.

It's the reason that nepotism fails spectacularly every time, among every race group - just because you WANT someone to be in the driver's seat, that doesn't mean they should be.

Which brings me to my second argument.

What happens to companies run by incompetent people (of any race?)

They hemorrage money. Profits go out the window, money is spent on frivolous things, and they end up in financial trouble.

The result of that is job losses (directly) and a failure to grow (which means no new jobs either.)

By choosing to hire based purely on race, rather than on ability, you are effectively stifling job creation. (Nice one, ANC, keep up the lip service though!)

Then there's investor confidence.

Whether we like it or not, people in South Africa and abroad are drawing parallels between SA and Zim, and the result is not a pretty picture.

The idea of investing in South African business that is a) headed by someone whose only real qualification for the job is their race, b) are badly run, and c) could be nationalised at any time is not one that's likely to have investors lining up with fistfuls of dollars.

Face it, Mr. Davies, BEE, as it stands now is having the exact OPPOSITE effect to what was intended.

However, like the ANC denial about education and police failure under their watch, I am sure that they will just keep lying to themselves about it.

What a joke.

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
36 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Wende Davids
City of Johannesburg you shameles...

City of Johannesburg, your lack of competence and customer service are so 1920... Read more...

10 comments 813 views
Submitted by
Wayne Russell
10 Rules for Our Home

My wife was inspired a few years ago to create these rules for our home. They are not posted on a wall, but we as parents live by these, and try to hold our children accountable to them. Read more...

1 comments 159 views
Submitted by
Joe Oppenheim
No more strikes!

If you want a better standard of living, you need a higher salary. To get a higher salary, you don’t ask for an increase. That just creates inflation which hurts everybody, including you, later.  Read more...

4 comments 180 views
Bottle Stores and Pavlov's Dog

Along the KZN coastline there are many small towns that cater to holiday makers. But I heard a ridiculous story... Apparently, if you sell any alcohol, then you have to be 4km from any church or school.  Read more...

6 comments 495 views
Submitted by
Henno
A Step in the Right Direction, bu...

Today I would like to remind those of you who actually takes the time to read the opinions on here that the War we are fighting against injustice is far from over. Read more...

5 comments 210 views
Submitted by
AlanWright

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

2 TV Series for R250

Get 2 TV Series box sets for R250 and save up to R148! Offer valid while stocks last. Shop now!

Mind blowing deals on beauty & fragrances

Save up to 30% off beauty and fragrances. Offer valid while stocks last. Shop now!

Up to 50% off hair care products!

Save up to 50% on professional hair care products at kalahari.com. Offer valid while stocks last. Shop now!

30% off academic books

Score a mind blowing 30% off academic books! Offer valid while stocks last. Shop now!

Mind blowing deals on electronics!

Save up to 35% on electronics. 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.

 
Interactive Advertising Bureau
 
© 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.