Page 1 of 2 12 LastLast
Results 1 to 10 of 11

Thread: Interesting angle on BBBEE

  1. #1
    Diamond Member wynn's Avatar
    Join Date
    Oct 2006
    Location
    east london
    Posts
    3,338
    Thanks
    548
    Thanked 624 Times in 523 Posts

    Interesting angle on BBBEE

    This is an interesting angle on BBBEE AA and BEE

    It is an uncomfortable truth that black businesses have clearly not been successful with more resources (money, policies and laws) where expatriates are able to succeed without assistance.

    (for expatriates I would also say whites as well)

    On its own, redistributive BEE will become increasingly difficult to justify. The assumption that any white person who starts an enterprise draws an advantage from apartheid cannot last forever.

    read more at
    http://www.businessday.co.za/article...aspx?id=171737
    "Nobody who has succeeded has not failed along the way"
    Arianna Huffington

    Read the first 10% of my books "Didymus" and "The BEAST of BIKO BRIDGE" for free
    You can also read and download 100% free my short stories "A Real Surprise" and "Pieces of Eight" at
    http://www.smashwords.com/books/view/332256

  2. #2
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    20,979
    Thanks
    3,055
    Thanked 2,462 Times in 2,067 Posts
    Blog Entries
    12
    Excellent article.

    Ultimately folk need to realise that's it's not giving money or title that creates an entrepreneur; it's a willingness to struggle and make sacrifices in the hope of a better tomorrow.
    The trouble with opportunity is it normally comes dressed up as work.

  3. Thank given for this post:

    tec0 (17-May-12), xcorporation (11-Mar-14)

  4. #3
    Diamond Member Justloadit's Avatar
    Join Date
    Nov 2010
    Location
    Johannesburg
    Posts
    2,671
    Thanks
    88
    Thanked 544 Times in 460 Posts
    Blog Entries
    1
    Quote Originally Posted by Dave A View Post
    Excellent article.

    Ultimately folk need to realise that's it's not money or title that creates an entrepreneur; it's a willingness to struggle and make sacrifices in the hope of a better tomorrow.
    You have smacked the issue on the head, like a knife into the bone.

    The attitude of entitlement to everything at no cost must be wiped out of the mind. You want, then you need to sweat for it.
    Victor - Knowledge is a blessing or a curse, your current circumstances make you decide!
    Solar and LED lighting solutions - www.microsolve.co.za

  5. #4
    Diamond Member tec0's Avatar
    Join Date
    Jun 2009
    Location
    South Africa
    Posts
    4,270
    Thanks
    1,656
    Thanked 439 Times in 386 Posts
    Blog Entries
    3
    Quote Originally Posted by Dave A View Post
    Excellent article.

    Ultimately folk need to realise that's it's not giving money or title that creates an entrepreneur; it's a willingness to struggle and make sacrifices in the hope of a better tomorrow.
    Also if possible do it yourself don’t get partners involved. The last thing anyone needs in their business is someone else in the business that wants to steal it.
    peace is a state of mind
    Disclaimer: everything written by me can be considered as fictional.

  6. #5
    Diamond Member Blurock's Avatar
    Join Date
    May 2010
    Location
    Durban
    Posts
    3,437
    Thanks
    660
    Thanked 765 Times in 630 Posts
    Blog Entries
    1
    Quote Originally Posted by Dave A View Post
    Excellent article.

    Ultimately folk need to realise that's it's not giving money or title that creates an entrepreneur; it's a willingness to struggle and make sacrifices in the hope of a better tomorrow.
    Dave, this is one of the best definitions of an entrepreneur that I have seen.

    Sadly, our black communities have lost the spirit of Ubuntu and have exchanged it for entitlement and greed. This example is set by our government on national, as well as local levels. They have this misguided perception that a business owner lives in comfort and has millions to spend.

    I saw the same happen in the white communities in the 70's and 80's. Portuguese, Greeks and other expats would start a fruit & veg, cafe or similar business which may eventually grow into a supermarket. White South Africans often bought these cafe's or other businesses and almost immediately went down the drain.

    In most cases the new owner did not have the entrepreneurial skills, was not prepared to work long hours and generally milked the business to suit his lifestyle. He would buy a new car, join the golf club and be seen as a "Businessman" doing the social rounds.

    To make a success in business, you have to sweat it out and be prepared to make sacrifices. You must be prepared to make a long term commitment before you reap the rewards. Not all of us are geared for that unfortunately.
    Excellence is not a skill; its an attitude...

  7. #6
    Diamond Member Justloadit's Avatar
    Join Date
    Nov 2010
    Location
    Johannesburg
    Posts
    2,671
    Thanks
    88
    Thanked 544 Times in 460 Posts
    Blog Entries
    1
    A business is like having a 24 Hour mistress, the demands are over whelming, it may look like you having fun, but the maintenance.......
    Victor - Knowledge is a blessing or a curse, your current circumstances make you decide!
    Solar and LED lighting solutions - www.microsolve.co.za

  8. Thanks given for this post:

    Chrisjan B (17-May-12)

  9. #7
    Silver Member
    Join Date
    Oct 2011
    Location
    johannesburg
    Posts
    200
    Thanks
    2
    Thanked 9 Times in 9 Posts
    Yes, the article is correct to a certain extent.....however, not all black businesses are like that, some with all the laws and resources as it is still do NOT benefit from that and the entrepreneurs still in a whole lot more to achieve what they want to

    So, i don't think it's fair to "club or pool" every black business entrepreneur in the same catagory

  10. Thanks given for this post:

    Dave A (11-Aug-12)

  11. #8
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    20,979
    Thanks
    3,055
    Thanked 2,462 Times in 2,067 Posts
    Blog Entries
    12
    Quote Originally Posted by SSS100 View Post
    i don't think it's fair to "club or pool" every black business entrepreneur in the same catagory
    Absolutely agree - as reasonable as clubbing every white entrepreneur in the same category.
    The trouble with opportunity is it normally comes dressed up as work.

  12. #9
    Diamond Member wynn's Avatar
    Join Date
    Oct 2006
    Location
    east london
    Posts
    3,338
    Thanks
    548
    Thanked 624 Times in 523 Posts
    I would venture to say that there are very few successful genuine black entrepreneurs who rely solely on BBBEE for their business if at all.
    Yes they may have the trappings of success while the going is good, but will they be able to survive after the largesse dissipates like it eventually will.
    Pooling a genuine black entrepreneur into the same category is not what the article was driving at.

    Aurora Mining comes to mind? how to turn a mine in to a hole in the ground.
    "Nobody who has succeeded has not failed along the way"
    Arianna Huffington

    Read the first 10% of my books "Didymus" and "The BEAST of BIKO BRIDGE" for free
    You can also read and download 100% free my short stories "A Real Surprise" and "Pieces of Eight" at
    http://www.smashwords.com/books/view/332256

  13. #10
    Diamond Member Blurock's Avatar
    Join Date
    May 2010
    Location
    Durban
    Posts
    3,437
    Thanks
    660
    Thanked 765 Times in 630 Posts
    Blog Entries
    1
    I agree that not all black businesses are beneficiaries of BBBEE and corruption. I will be first to defend the black entrepreneurs who create their own opportunities and there are many of them.

    The statement was that black communities has to a large extent lost their culture of ubuntu, which is a culture of sharing and caring for each other. The example set by the current government and the tenderpreneurs associated with them has killed ubuntu and is promoting a culture of selfish greed and entitlement.

    There is also a misconception amongst people with this mindset (not only blacks) that to have a business is like owning an ATM. They do not realise what it takes to be an entrepreneur and are not prepared to make the sacrifices required.
    Excellence is not a skill; its an attitude...

Page 1 of 2 12 LastLast

Similar Threads

  1. now BBBEE will have to be applied in full??
    By wynn in forum BEE and Employment Equity Forum
    Replies: 2
    Last Post: 21-Mar-12, 07:05 AM
  2. How much is your BBBEE and EE costing?
    By sterne.law@gmail.com in forum BEE and Employment Equity Forum
    Replies: 1
    Last Post: 26-Mar-10, 04:33 PM
  3. Book comment-BBBee
    By sterne.law@gmail.com in forum Book Forum
    Replies: 0
    Last Post: 12-Nov-09, 12:38 PM
  4. [Article] BBBEE Compliancy Specialists
    By BBBEE_CompSpec in forum Book Forum
    Replies: 0
    Last Post: 01-Nov-09, 11:39 PM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •