The recently ratified Employment Equity Amendment Act (EEAA) in South Africa, aimed at promoting transformation in the private sector, has raised concerns about the future implications for individuals and businesses.
The disappointed awakening of the world to the evaporation of the post-1994 ‘miracle’ – SA’s rise, fall and need for accountability.
The negative economic impact of transformation policies is being further exacerbated by the culture of revenge politics in South Africa.
Sakeliga wants the business sector needs to stand together in denouncing the race-based employment ideology government is seeking to implement if pending legislation is signed into law in its current form.
Sakeliga believes race-based ideology is being formalised in government at the expense of the public to service the narrow “sectional and elite interests” of the few.
Dis-Chem has backed down on its moratorium on hiring white people. After a defence of its position on Friday, the company backed down on Monday.
Seems the right time for alternative education institutions to open their doors – go woke go broke is the way these things end.
For those feeding at the trough, B-BBEE means one thing, and one thing only: to get very rich, very quickly.
More concerning is that whilst failure to achieve a certain level of B-BBEE compliance is not an offence, the FSCA plans to make it an offence.
Last week this column highlighted what Prof Benatar described in his book as the manufacture of the ‘narrative’ of UCT as an anti-black ‘racist university’.