LETTER: BEE bars investment, boosts poverty and fuels graft

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Policy of discrimination against white Africans and white-owned businesses has been disastrous

A resident of Makhanda in the Makana municipality in the Eastern Cape walks past overflowing sewage near his house in this 21 September 2021. Picture: SUPPLIED

The government’s policy of economic discrimination against white Africans and white-owned businesses has been disastrous for the country, the economy and the wellbeing of most South Africans. There is extensive evidence of this. Government, municipalities and state-owned enterprises all pay hugely inflated prices for goods and services, hampering service delivery and bankrupting several SOEs. This has led to destructive, often violent, service delivery protests and taxpayers having to dig deep to rescue SOEs. T

There is another reason BEE must go. Using section 217 of the constitution the ANC ruled that all black South Africans had been subjected to “undue discrimination” and were thus entitled to preference in the procurement process. However in 2022 this is not true. Most South Africans living now, and most companies trading, were born after 1994. This means most black South Africans have been economically advantaged in terms of ANC policy and in law for their entire lives.

 

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