Page 1 of 17 12311 ... LastLast
Results 1 to 10 of 190

Thread: BBBEE wrong

Hybrid View

Previous Post Previous Post   Next Post Next Post
  1. #1
    Diamond Member wynn's Avatar
    Join Date
    Oct 2006
    Location
    east london
    Posts
    3,338
    Thanks
    548
    Thanked 625 Times in 524 Posts

    BBBEE wrong

    Solidarity says what we have been saying all along! :- see http://business.iafrica.com/news/847953.html

    "Black economic empowerment (BEE) is to the detriment of all South Africans, including blacks, trade union Solidarity said on Wednesday.

    It was for this reason recommending that the Broad-Based Black Economic Empowerment Amendment Bill of 2012 be withdrawn, it said in a statement.

    The union made the proposal during a presentation to Parliament's portfolio committee on trade and industry on Wednesday.

    Solidarity research institute senior economic researcher Piet le Roux said the bill's purpose was to enable the government to enforce current BEE legislation more stringently.

    "The amendment bill will result in all South Africans being disadvantaged, including those who are supposed to benefit from BEE.

    "The bill will lead to even more resources being made available to relatively less competent entrepreneurs -- black, coloured, Indian and white -- those entrepreneurs who would not make the grade without government assistance."

    This meant fewer consumer goods would be available to all South Africans. The cost of the project would fall on ordinary consumers, who would have to pay more for basic goods.

    Le Roux said it was important to remember it was not just "less competent" black entrepreneurs who benefit from artificial investment, but also whites.

    "White entrepreneurs who would not have made it in the market, but who somehow managed to get a black, coloured or Indian BEE partner, are being kept in business at the expense of consumers," he said.

    Not all emerging entrepreneurs depended on government assistance, but BEE enabled weaker entrepreneurs to do business in an artificial and unsustainable way.

    "Consumers in the market reveal the most effective entrepreneurs through their spending patterns. The most effective entrepreneurs are those who are able to offer consumers the greatest flow of goods and services in the cheapest way," said Le Roux.

    Investors took note of spending patterns and, based on these, allocated resources to entrepreneurs. BEE replaced this consumer-driven allocation with a politically-driven process.

    When there was political interference, resources tended to flow to less effective entrepreneurs.
    "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. Thanks given for this post:

    KristiKat (06-Mar-14)

  3. #2
    Diamond Member Justloadit's Avatar
    Join Date
    Nov 2010
    Location
    Johannesburg
    Posts
    3,480
    Thanks
    134
    Thanked 695 Times in 593 Posts
    Blog Entries
    1
    You think the government really cares what the Solidarity Trade Union says?
    They have simply dismissed the public outcry with respect to e-Tolls, why would they budge what is filling their pockets right now.
    It's like saying "No, I do not want any more free eggs from the Golden goose".
    Victor - Knowledge is a blessing or a curse, your current circumstances make you decide!
    Solar pumping, Solar Geyser & Solar Security lighting solutions - www.microsolve.co.za

  4. Thanks given for this post:

    KristiKat (06-Mar-14)

  5. #3
    Diamond Member Blurock's Avatar
    Join Date
    May 2010
    Location
    Durban
    Posts
    4,151
    Thanks
    758
    Thanked 886 Times in 735 Posts
    Blog Entries
    7
    Organisations such as NAFCOC and the Black Business Forum agrees that BEE is wrong. What they want in stead is not 51% black ownership, they want 100%. It is not because they are racist, they just like black. Competence and ability does not play a role at all.
    Excellence is not a skill; its an attitude...

  6. Thanks given for this post:

    KristiKat (06-Mar-14)

  7. #4
    Diamond Member Blurock's Avatar
    Join Date
    May 2010
    Location
    Durban
    Posts
    4,151
    Thanks
    758
    Thanked 886 Times in 735 Posts
    Blog Entries
    7
    I met a nice young man in the the hardware store today. Speaks Zulu, English and Afrikaans fluently (not one of them his home language) with very good manners and also a good salesman. Excellent people skills.

    With the right guidance I think he may be management material as he has very good people skills. Unfortunately Zweli may never reach his potential, as incompetent fools are being appointed at the top due to BBEEEE and corruption. The incompetent manager will destroy the business causing this friendly salesman to also lose his job when the business eventually close down.
    Excellence is not a skill; its an attitude...

  8. Thanks given for this post:

    KristiKat (08-Mar-14)

  9. #5
    Bronze Member KristiKat's Avatar
    Join Date
    Feb 2014
    Location
    GAUTENGALENG PLACE OF GOLD
    Posts
    178
    Thanks
    84
    Thanked 16 Times in 15 Posts
    Blog Entries
    4
    Quote Originally Posted by Blurock View Post
    I met a nice young man in the the hardware store today. Speaks Zulu, English and Afrikaans fluently (not one of them his home language) with very good manners and also a good salesman. Excellent people skills.

    With the right guidance I think he may be management material as he has very good people skills. Unfortunately Zweli may never reach his potential, as incompetent fools are being appointed at the top due to BBEEEE and corruption. The incompetent manager will destroy the business causing this friendly salesman to also lose his job when the business eventually close down.
    What do you mean?

    Is there inter-politics in the BEE community?

    I mean that only certain blacks will get promotions?
    “Curiousity is the discovery of satan, the devil was hidden and far, now he stares everyone in the face.” ― Michael Bassey Johnson There is evil! It's actual, like cement... I can't believe it. I can't stand it. Evil is not a view... it's an ingredient in us. In the world. Poured over us, filtering into our bodies, minds, hearts, into the pavement itself.

  10. #6
    Diamond Member Blurock's Avatar
    Join Date
    May 2010
    Location
    Durban
    Posts
    4,151
    Thanks
    758
    Thanked 886 Times in 735 Posts
    Blog Entries
    7
    Quote Originally Posted by KristiKat View Post
    What do you mean?

    Is there inter-politics in the BEE community?

    I mean that only certain blacks will get promotions?
    The (politically) well connected is thriving on BEE. Most of the BEE appointees have no clue of what they are doing. One only has to look at the mismanagement of state institutions where cadres have been employed; municipalities and parastatals such as Eskom.

    Competent employees have to a great extent been replaced by the politically connected. Talent and ability is not rewarded, only the political affiliation. Because of that, a bright young man such as Zweli may never get a chance to show his ability and rise through the ranks. How do you expect an incompetent manager to identify talent?
    Excellence is not a skill; its an attitude...

  11. Thank given for this post:

    Chrisjan B (09-Mar-14), KristiKat (09-Mar-14)

  12. #7
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    22,648
    Thanks
    3,304
    Thanked 2,676 Times in 2,257 Posts
    Blog Entries
    12
    The fact that Solidarity wants BBBEE scrapped entirely, and the BBF wants to have 100% ownership as the supreme criterium should not surprise anyone. I can't think of a single area where these two organisations share common ground.

    Quote Originally Posted by wynn View Post
    Not all emerging entrepreneurs depended on government assistance, but BEE enabled weaker entrepreneurs to do business in an artificial and unsustainable way.
    They're bang on the money there, and at first blush it might seem their strongest point made. The problem is the point fails as long as BBBEE is viewed as a temporary intervention.

    At this point I don't know which is going to end up being the bigger problem in the long run, the economic handicap SA places on itself keeping BBBEE going, or the problem gov is going to face when it runs out of moral ground to justify the continuation of BBBEE policies.

    I guess the question I'd like answered is - if it is temporary (however long that might be), what is the exit strategy?

    It might seem a crazy question to require an answer right now, but when you start with the end in mind - the answer will probably be a better indicator of what government should be doing at this point than what the various "vested interest" groupings are throwing at them.

  13. Thanks given for this post:

    Blurock (12-Dec-13)

  14. #8
    Email problem
    Join Date
    Dec 2013
    Location
    Brooklyn, NY
    Posts
    40
    Thanks
    0
    Thanked 6 Times in 5 Posts
    Market Ticker posted this article a few days ago.
    http://market-ticker.org/akcs-www?post=226617

    that one linked to this one
    http://market-ticker.org/akcs-www?post=226605

    Btw I don't think any intervention the gov't proposes is ever temporary. It has to blow up in their face really badly for it to be retracted.

  15. #9
    Bronze Member KristiKat's Avatar
    Join Date
    Feb 2014
    Location
    GAUTENGALENG PLACE OF GOLD
    Posts
    178
    Thanks
    84
    Thanked 16 Times in 15 Posts
    Blog Entries
    4
    Quote Originally Posted by cyppokagain View Post

    Btw I don't think any intervention the gov't proposes is ever temporary. It has to blow up in their face really badly for it to be retracted.
    well democracy blowed up in their faces, did they retract that?

    no I think they enjoy the chaos and freedom that comes with it.

    There is no responsibility to have when you can do anything.
    “Curiousity is the discovery of satan, the devil was hidden and far, now he stares everyone in the face.” ― Michael Bassey Johnson There is evil! It's actual, like cement... I can't believe it. I can't stand it. Evil is not a view... it's an ingredient in us. In the world. Poured over us, filtering into our bodies, minds, hearts, into the pavement itself.

  16. #10
    Full Member
    Join Date
    Feb 2014
    Location
    Fish Hoek
    Posts
    55
    Thanks
    6
    Thanked 3 Times in 3 Posts
    I'm all for BBBEE, Broad Based "British" Economic Empowerment
    Apparently there is nothing that cannot happen today.

Page 1 of 17 12311 ... LastLast

Similar Threads

  1. SCRAP BBBEE
    By wynn in forum BEE and Employment Equity Forum
    Replies: 3
    Last Post: 05-Feb-13, 02:22 PM
  2. Interesting angle on BBBEE
    By wynn in forum BEE and Employment Equity Forum
    Replies: 10
    Last Post: 12-Aug-12, 01:34 PM
  3. 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
  4. Book comment-BBBee
    By sterne.law@gmail.com in forum Book Forum
    Replies: 0
    Last Post: 12-Nov-09, 12:38 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
  •