BBBEE will never achieve that, it actually perpetuate the racialization of the economy. In my view BBBEE is a program to accommodate a class of Black people into the economy, so that an impression is created that there is progress. BBBEE creates Black consumers and not Black entrepreneurs.
My personal view is that Zim is far ahead of SA in terms of this program. A Zim style total destruction of the economy was necessary to allow all of us to contribute in the rebuilding of the economy.
Since 1994 no real Black entrepreneurs emerged. Those tenderpreneurs who managed to make it big, had massive support from White capitalists. A tenderpreneur is an extravagant consumer and not an entrepreneur. Tenderpreneurs do not build brands, they feed aggressively from empowerment programs and government tenders. We cant accept that as progress in the de-racialization of the economy.
The South African economy belongs to White capital and no legislation will change that. The comfort of White capital and Black Tenderpreneurs must be brought to an abrupt end by an emergence of radical and unapologetic politicians.
Comment by Sefu Sekgala