BEE in South Africa: A Trillion Rand for the Elite
Johannesburg News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
South Africas Black Economic Empowerment program, BEE, under fire for funneling vast funds to a select few, with Professor William Gumede from Wits University alleging over one trillion rand to less than one hundred politically connected individuals. Gumedes claims, backed by data from Intellidex and Treasury testimony, have sparked controversy and backlash, yet his evidence presentation to the Black Management Forum was met with silence. Ordinary South Africans growing aware of BEEs shortcomings, with evidence of systems flaws mounting daily.
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