Major changes to employment equity and black economic empowerment (BEE) rules are soon to take effect. Far from providing redress for apartheid's wrongs, these will damage the poor majority by imposing penalties and overall compliance costs high enough to drive many small firms out of operation.
This will reduce jobs, deter entrepreneurship and investment, and further hobble the economy. Apartheid's victims would be far better served by putting economic growth before redistribution, as a different way of dividing up the existing economic pie will never be enough to meet the needs of a growing population.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article