How the ANC captured business through BEE | Piet le Roux & Russell Lamberti
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- Опубліковано 6 сер 2024
- How has the policy of Black Economic Empowerment (BEE) impacted on South Africa's economy? David Ansara of the CRA speaks with Piet le Roux and Russell Lamberti of Sakeliga about how the ANC government has used BEE to increase its political control over business.
WATCH the full interview with Piet le Roux and Russell Lamberti (49 mins) on the 'Solutions With David Ansara' podcast: • Piet le Roux & Russell...
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WATCH the full interview with Piet le Roux and Russell Lamberti (49 mins) on the 'Solutions With David Ansara' podcast: ua-cam.com/video/QBR-DC72y0Y/v-deo.html
See my comments about the lack of black viewpoints. This is a one-sided interview. BEE is quite frankly necessary, despite its challenges and often incorrect application - because there is an undeniable legacy of having legislated WEE during apartheid. We are still affected by that and I did not hear your guests offer any plan on how to apply solutions to apartheid era legacy problems.
@@eldonphukuile here are some other interviews we have done on the channel relating to BEE and its various problems:
Phumlani Majozi: ua-cam.com/video/vi-GnyUN8gc/v-deo.html
Lovemore Ndou: ua-cam.com/video/mjlvUp-Z7fs/v-deo.html
Makes sense "" I have noticed that most BEE companies have privileged people that don't have a cooking clue "" but rather just a face ""
We need to be constantly grateful to Sakeliga and Afriforum for their endless work on behalf of “ordinary South Africans”.. If anything good emerges from the collapse of the “State” it will be due to their efforts.
See my comments about the lack of black viewpoints. This is a one-sided interview. BEE is quite frankly necessary, despite its challenges and often incorrect application
@@eldonphukuile Sure .. BEE was necessary but so was a sunset clause. If the guys who cobbled together our so called constitution had had some foresight and understanding of history they might have got beyond their narrow political agendas and cooperated instead of compromising themselves and us all. At least they might have had the sense to put a time limit on affirmative action so business could get on with it and make sure it worked before moving on to merit. Australia did that with their local music scene and it put them on the musical map .. but they had to work for their success.
The CRA videos recently have been on fire 🔥🔥🔥 excellent excellent excellent.
Thank you, Sir!
@@CentreForRiskAnalysis WHATS Harmful MUST BE STOP SAME APPLIES TO white supremacy and white privilege.
Just to add in passing, that Big Business in their own self interest made BEE successful for the ANC. Without their short sighted collusion and collaboration BEE could never have worked as well. I sometimes suggest as a compensation mechanism that big retailers such as Pick n Pay could be privatised. The shock horror and derisive response belies the possibility that this might be eminently practical. Le Marche in Toronto some years ago was a perfect example. 🙃
Big businesses should be boycott...they are part of the problem.
@@iansmit1344 That would be a good starting point. Make an effort to select and avoid any business that has more than one or two controlled outlets. If enough of us did just that we would start to see big business begin to question their operating ethics.😎
@@vleiratfilms2020 when does big business ever question their operating ethics? what almost always happens is that big business, with the assistance of government, squeeze the working class even more, with tax hikes and less high earning jobs. big business does not work on ethics
@@hughsithole3665 What allowed the ANC to abuse the black empowerment process is simply the lack of a sunset clause and the kind of constitution we allowed politicians to construct at CODESA. A centralised state, and limitless time to redress the balance has been disastrous. That should by now be obvious to us all .. and we are all responsible for allowing it to happen.
This law ruined my entire adulty life! Now at 52 I am considered unemployable! Thank you for nothing!
Join the club ... shut our business down, put people out of work, my husband was told in KZN to white to get work, blatant rasism disguised as law
Good to see a different side of David. And enjoying the sneaky little smile😊 Cool.
as a coloured i pray God will scrap BEE a reverse apartheid strategy
Same here, I agree
it was not unforseen....
Thank you, as BEE has been devastating to our economy in the name of state capture..... Like everything else that has fallen apart because of favourites in top positions without the necessary experience of that particular field....
My late husband experienced a German consortium come into SA and pull out because they didn't believe in BEE back in the early 2000s already....
Also...
A late friend who was a bank manager was instructed to give out loans to the person in the street without a promise of how they'd pay back the loan, when my daughter was forced to go to UK as her loan with a full repayment plan was turned down. In her plan she aimed to teach people of colour her skill, by now they could've had many skilled people working side by side, but BEE caused a split in the seam, so to say...
I do hope you are successful
See my comments about the lack of black viewpoints. This is a one-sided interview. BEE is quite frankly necessary, despite its challenges and often incorrect application
Very good interview as always David. Thank you to you and your guests.
See my comments about the lack of black viewpoints. This is one-sided
@@eldonphukuile we have had 28 years of black (ANC) viewpoints and unchecked BEE. For that, all we have to show is a totally broken country. White people are too scared to say "boo" out of fear of being called racists. Sakeliga is trying to get some balance and perspective back, and if that is to be accomplished it will obviously have to be in participation with black business owners and intellectuals. For now however, everything possible must be done to change the insane course this government has put us on. Just stop at a traffic light and see the decay that has become commonplace in this country. Beggars and hungry people everywhere.
Bring in Common law
All that BBBEE results in is a price premium on every product or service procured by the state ( tax payers money ) , the premium is used to pay the BBBEE ( front ) who most often don’t have the capability to implement the project and or service . They in turn funnel a percentage of the award back to the government. Then rinse and repeat . End result is many nouveau riche tenderpreneures , and tax payers money flowing back to the party . The saddest part of the story is the valid reason for BBBEE ( upliftment of the poorest of the poor by firstly training so that they transit from unemployable to employable , and then assistance in creation of small business with very competitive loans ) has just been ignored by the greedy looters who spend all their time planning huge projects for self enrichment so they can rush out and buy another Bentley or yet another home. The mantra is “ everyone’s doing it , so pay the bribes , inflate your prices and party on as there are ZERO consequences “ - wrong the consequences is the have nots are justifiably getting to a tipping point of being militant , and this will not end well for all except the corrupt who have the funds to leave the country . Please just cancel this legalised theft ASAP.
Absolutely!!! As a business person it's very clear to see the tactics and strategy
Those with the Reverse Midas Touch should NEVER be allowed to touch DAMN THING!
South Afca's quickly declining but it can all be stopped soon with enough hard work by/ from reasonable men.
what alot of naysayers do not /fail understand is before BBEE became used only for the politically contected few , it was there firstly to give opportunity to the economically disadvantaged majority , only later on anc abused it for their own gain
The worst decision the ANC ever took.
it wasn't the anc.. it was their overlords
Please offer an episode that goes into discussing the different kinds of BBBEE. I bank corporates and when you see their structure which gives to their black employee's ownership, I've seen first hand that the payouts have help them build homes and invest large sums for their childrens future. Seems disingenuous to paint the whole cloth bad. Lets be more specific.
If it's not immoral for the government to give people preference based on race, then what was wrong with apartheid?
I think the majority of business owners were happy to support new, developing black entrepreneurs in the first vision of BEE in early 2000's. Startups were given access to funding and larger corporate contracts: we all understood there was much to be done to rebalance opportunity to previously disadvantaged. Even the 10% price discrepancy was appropriate (if a black owned company tendered against a white owned and was 10%more expensive, the tender was awarded to the black co) The poison that has slowly killed South Africa was when government mandated a white company (even if they had the skills, experience, infrastructure to do a within budget quality job) Couldn't even submit a proposal! This opened Treasury funds to any black company to charge whatever they wanted (R6 a toilet roll instead of R1 as an example) and THAT rampant profiteering sickness has just grown and grown and drowned us all
more like big business captured the ANC...
bingo... perfect example is Eskom and Glencore. they are doing to us what ENRON tried to do in USA
30% pass mark enough said
When BBBEE goes, prosperity will return.
BEE _ Black Apartheid.... 2 faces.
why over 10 years it must go now it's races
Monopolies are not harmful?
National socialism was not harmful?
When was south africa a free market economy?
Where did the Rupert get their money?
Devistating results sadly
Legalizing theft
See my comments about the lack of black viewpoints. This is a one-sided interview. BEE is quite frankly necessary, despite its challenges and often incorrect application
Lol Lol It's not a bad idea to employ foreigners but I think you should relocate to their country with them your business will prosper there
Why does this round table discussion not have any representation of a person of colour, for a neutral point of view?
I AGREE WITH U!
because this is a venting session for white people. nothing more
Agreed,,
Exactly, and that with impunity and empowered by this pravin communist
Although a good conversation, with purely logical points raised, this is only the view of white South Africans. Where is multi-racial representation?
Truth has no colour.
Indeed.
3 white men discussing how BEE has failed .🤣🤣🤣
What is your point? Do you realise how childish you sound?!
The National Party introduced European , White economic empowerment ( WEE ) in 1948 .
Unfortunately I'm many whites were also discriminated against during the Apartheid era .... It's plain to see that this is Apartheid in reverse yes!
Another system which didn't work out for the majority of us South Africans.... They too lined their pockets and left the country....
Exactly, so why model yourself on the vilified Apartheid Regime?
@@gaylenescott1317 except the fact that whites still control the economy. if this was apartheid in reverse that would never happen.
And now it's payback? You lack any credible argument to justify bee
Communism 101
20 years of BEE against 100s of years of black peoples being excluded from key/strategic sectors of the economy. This sounds like a spouse that cheats and says I’m sorry and when they feel like the other spouse is empowering themselves out of the pain, the culprit cries foul.
And what about whites born after 1994? What about whites who started working arround 1994? The way it's implemented and by your tone it sound like revenge
Funny thing is that those whom are in favor of BEE and not to abolish it are either beneficiaries of BEE or are using it to punish another especially knowing that significant part of the labor market is filled with people whom were never part of apartheid. Just understand someone that entered the labor market at 1994 could now be a grandmother/grandfather whos grandkids are almost of the age of finishing primary school, just to indicate timeline perspective, so not only did you punish 1 generation but 3 already that had nothing to do with apartheid. To make it even worse is that BEE is having the opposite effect where majority of the poor are black that sit with the most unemployment. To abolish BEE is actually the best way to currently uplift the poor who are majority black.
If you're going with that analogy, it's more like one spouse cheats and so the other spouse feels that they're now entitled to cheat as well. It's as if they're saying "you've had your turn and now I get my turn", and somehow the two wrongs are supposed to make a right.
However, racial discrimination is always wrong, regardless of which race is doing it to which other race. So how do we redress the wrongs of the past if not through racial discrimination against whites?
The best proposal I've heard is to practice affirmative action based upon economic background rather than race. In other words, all poor people get a helping hand regardless of their race. However, there are far more poor black people than poor white people so this policy would disproportionately benefit blacks anyway. Whites wouldn't be able to complain because they're not excluded because of their race, and rich black people don't get special treatment because of their "disadvantage".
@@marcusmoonstein242 You trying to talk logic to someone that has never practiced logic. They just don't get it. All this person can see is through the lens of race as they do not contain enough intelligence. For them all they see is some group that looked like me was wronged in the past(supposedly as an enormous amount of black people have told me they had it better in apartheid and I didn't bring up this topic.) now they think they feel justified to try and punish a group that doesn't look like them even though this person never experienced any discrimination at all, if I am not mistaken this falls under the definition of racism.
Terrible response from a (most likely) terrible person.