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TRANSFORMATION: ‘NO ROOM FOR APOLOGY IN PURSUING IT’ – MINISTER
- 11 May 2026
- Broad-based Black Economic Empowerment
- SA Legal Academy
Economic transformation is of ‘critical’ importance – ‘and there is no room for apology in pursuing it’, according to Trade, Industry & Competition Minister Parks Tau. His remarks are featured in a departmental media statement on the Minister’s recent meeting in Richards Bay with royal chancellor of the Zulu nation, Inkosi Malusi Zondi and members of the royal economic council.
This is the third occasion since the beginning of the year on which the Minister has seen fit to reiterate government’s ongoing commitment to black economic empowerment (B-BBEE) and transformation – at least by way of an official statement.
In April, he told attendees at an Ahmed Kathrada Foundation legacy breakfast session that B-BBEE policy ‘remains a critical component of South Africa’s constitutional democracy’ and fundamental to ‘the process of rebuilding’ the country’s economy. The statement including these observations tends to suggest that one outcome of the ongoing review of B-BBEE as an instrument of transformation could be the introduction of measures to widen the reach of equity and participation transactions. This with the aim of ‘building … industrial capacity amongst black entrepreneurs’ – and in pursuit of broader freedom from ‘the bondage of economic discrimination’.
Two months earlier, during a gathering of B-BBEE sector charter council representatives, the Minister is nevertheless quoted as having acknowledged that the success of government’s economic transformation policy will continue to depend on the extent to which ‘all key stakeholders embrace it, defend it and implement it with conviction’.
Published by SA Legal Academy Policy Watch
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