Ramaphosa says while redress is slow, too many black people have benefitted from this policy for it to be scrapped.He was replying to a call by Democratic Alliance leader Mmusi Maimane to stop BBBEE during Thursday’s debate of the Presidency’s budget vote in the National Assembly.
Ramaphosa says while redress is slow, too many black people have benefited from this policy for it to be scrapped. He says, “Honorable Maimane we are not going to scrap BBBEE, it has contributed to significant growth of black middle class, to improvement in equity and enabled black people and women to become owners of businesses.”
The fundamental objective of BBBEE is to advance economic transformation and enhance the economic participation of black people in the economy.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
No unrealistic targets for Limpopo Impalas at Africa T20 Cup: Hlengani - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Limpopo provincial cricket team, Impala head coach Israel Hlengani does not have unrealistic targets for his team in the upcoming Africa T20 Cup in September at venues still to be confirmed.
Source: SABC News Online - 🏆 32. / 51 Read more »
South Africa pays tribute to Johnny Clegg - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Johnny Clegg's long time friend and musical partner Sipho Mchunu has also paid tribute. He co-founded the band Juluka with Clegg at the height of apartheid.
Source: SABC News Online - 🏆 32. / 51 Read more »
S Africa not co-operating in arrest of genocide suspect: UN court - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The chief prosecutor of a UN tribunal on Wednesday accused South Africa of failing to co-operate in the arrest of a fugitive sought over his role in the 1994 Rwanda genocide.
Source: SABC News Online - 🏆 32. / 51 Read more »
Fifa here to help Caf and not colonize Africa football : Infantino - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.FIFA President Gianni Infantino has defended the decision by the world’s football mother body to send its General Secretary Fatma Samoura on a nine month secondment to the troubled Confederation of African Football (CAF).
Source: SABC News Online - 🏆 32. / 51 Read more »