This clearly shows one of the scenarios envisaged in the BEE submission coming to life. The incentive exists to sell/give equity away even when it is in fact a liability:

Nelspruit - Paulos Msibi thought he'd struck it rich when his employer of 10 years offered him a 25% shareholding in a new "black employment" (sic) company.

But Msibi's dream was short-lived. Within months he was out of a job, black-listed both by credit reference companies and government development agencies, and is being sued for over R250 000 in unpaid loans.
full story from Fin24 here
Do we blame the "entrepreneur" or do we blame the system?