What do you guys think? Isn't it racist? Apartheid was not my fault and now they are trying to lower the revenue threshold from the current R 5-million.Businesses with revenues below R5m a year are not required to complete a scorecard.
Zungu said: “What does it do to the deepening of BEE when most of the qualifying small enterprises can say ‘Well, we’re not interested in ownership or management control’? Most enterprises in that category are not women-owned… or black-owned. And they still get the highest rating because they are exempt from that requirement.”
The council is examining whether to lower the revenue threshold and prescribe some criteria as a bare minimum.
The government should just invest into scholarships/bursaries instead so the growth can be more fulfilling instead of robbing from us.