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B-BBEE Policy to Remain in Place

July 19, 2019

The Presidency

19 July 2019

Government has no intention of scrapping Broad-Based Black Economic Empowerment(B-BBEE).

President Ramaphosa made this clear during his reply to the debate on the Presidency Budget Vote in parliament.

He added that B-BBEE has “brought real material benefits: to black South Africans, to women and to persons with disability”.

Democratic Alliance leader Mmusi Maimane had, during the debate, called for the policy to be discontinued.

The president pointed out that the policy has “contributed to the significant growth of a black middle class, to improvements in employment equity and enabled black people and women to become owners and managers of businesses”.

He declared that, instead of scrapping B-BBEE, government needs to strengthen it.

“Far from abolishing it, now is actually the time to strengthen it, to make it more effective and to ensure that it is aligned with our efforts to promote investment and increase employment.”

As regards the challenge to ignite economic growth in the local economy, the president called for a united response to the task at hand.

“From the Presidency, we are working to mobilise all sections of society – from business to labour, from public entities to civic organisations, from NGOs to political parties – behind an urgent, ambitious and comprehensive programme to grow the economy and to reduce poverty.”

In terms of the fight against corruption, the president confirmed that government will continue to strengthen the ability of law enforcement agencies to carry out their work without fear, favour or prejudice.

He clarified that the role of the presidency is to “give these institutions the means and the space and the capability to do their work, and that is precisely what we have been doing and will continue to do precisely that”.

Meanwhile, speaking earlier during the debate, the minister in the presidency, Jackson Mthembu, announced that a draft Integrated Planning Framework Bill is in the pipeline, designed to ensure better integrated planning across all levels and spheres of government.

The minister also indicated that the National Planning Commission will, until its term ends in September 2020, focus on an appraisal of the National Development Plan (NDP).

“This work is intended to assess the implementation of the NDP, what the challenges have been, reasons for lack of implementation (if any), and what can be done to change course and get back on the critical path towards the NDP’s goals, both in the medium term 2020-24, and the long term up to 2030.”