B-BBEE POLICY, LEGISLATION UNDER REVIEW – DEPUTY PRESIDENT

According to Deputy President Paul Mashatile, a review of broad-based black economic empowerment (B-BBEE) legislation is already under way. In a Presidency media statement recording his remarks during a recent question-and-answer session in the National Assembly, the Deputy President is quoted as having:

  • alluded to policy ‘reform’ and ‘potential amendments’ to the legislation
  • noted a Department of Trade, Industry & Competition (DTIC) process intended to identify ‘gaps’
  • used the terms ‘refine’ and ‘correct’ in the context of addressing ‘weaknesses’, and
  • reaffirmed government’s commitment to ‘ensuring the B-BBEE legislation and policy framework becomes more inclusive and benefits the majority of South Africans’.

‘I will not support legislation that seeks to benefit the few,’ the Deputy President said, drawing attention to the fundamental importance of ‘inclusivity’ given the legacy of apartheid discrimination.

Published by SA Legal Academy Policy Watch

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