BEE balance

BEE frameworks need to be changed to enable "real" broad-based black empowerment to take place, African National Congress Treasurer General Matthews Phosa said yesterday. "It is my view that we do not place enough emphasis in the public sector tender environment on broad based black economic empowerment, as opposed to BEE vehicles that benefit only a few," he told business people at a Swedish South Africa business breakfast in Midrand. He said the institutions that needed to oversee BEE had to be finalised. - I-Net Bridge

BEE frameworks need to be changed to enable "real" broad-based black empowerment to take place, African National Congress Treasurer General Matthews Phosa said yesterday. "It is my view that we do not place enough emphasis in the public sector tender environment on broad based black economic empowerment, as opposed to BEE vehicles that benefit only a few," he told business people at a Swedish South Africa business breakfast in Midrand. He said the institutions that needed to oversee BEE had to be finalised. - I-Net Bridge

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