Economic transformation: Why wire cars and dreams beat scorecards and point-scoring | Citypress

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There have been some deliberations across disparate sectors – business, nonprofits, politics – about the efficacy and viability of B-BBEE and about whether it should be replaced with another model of transformation. | City_Press

ation. It’s a matter that’s likely to be debated and contested in court. It may even find its way into political manifestos.

Each life transformed has a knock-on benefit for a family and a community. It represents a step away from a cycle of intergenerational poverty that defers aspirations and denies potential. I also wonder if strict adherence to the scorecard means businesses will do only as much as they need.That would be a lost opportunity.

But, power brings responsibility. Ford Motor Company of Southern Africa is a major player in the economy. We contribute around 1% to South Africa’s annual GDP and the vehicles we build are exported to more than 100 markets worldwide.The company’s R15.8 billion expansion of its facilities at the Tshwane Automotive Special Economic Zone to build the all-new Ford Ranger will create at least 1 200 new jobs, helping drive socioeconomic transformation in the area.

We also help students from disadvantaged backgrounds at universities and offer bursaries to our employees’ families, as well as those outside the business.FMCSA has progressed on all stipulated criteria of the B-BBEE scorecard: ownership, management control, skills development, preferential procurement, supplier development and socioeconomic development.

 

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City_Press Just get rid of it already, it’s not about transformation when a president can become a billionaire from it, it’s just about a select few become uber rich & nothing about making the poor have better lives.

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City_Press Employ only non-whites until eqity is achieved.The previously advantaged have benefittted way,way,way too long.

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ANC is looking to address gaps in policies, says Kubayi-NgubaneThe group was providing clarity on some of the party's policies on, among others, economic transformation and small business enterprises. 'Let not one cent go unstolen' They should address the gap between their ears! That’s what they did 5yrs ago and 28yrs ago right? What are the results?
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