FINQUES­TION OF THE WEEK

Finweek English Edition - - Openers -

LER­ATO RAT­SOMA mar­ket­ing man­ager at Em­pow­erdex

THERE’S NO NEED to re­view the pol­icy on broad-based em­pow­er­ment. The codes were only Gazetted re­cently and call for reg­u­lar re­view by the Min­is­ter of Trade & In­dus­try. The codes are try­ing to ad­dress some of the is­sues Fi­nance Min­is­ter Trevor Manuel re­ferred to, such as fronting and win­dow dress­ing, ben­e­fi­cia­ries.” and hav­ing a wider range of

EBRAHIM FAKIR a se­nior re­searcher at Cen­tre for Pol­icy Stud­ies

Should the South African Gov­ern­ment re­view

black eco­nomic em­pow­er­ment rules?

EM­POW­ER­MENT is like moth­er­hood and ap­ple pie. Peo­ple like it in a warm, fuzzy kind of way – which means even­tu­ally it’s all things to all peo­ple. Em­pow­er­ment is nec­es­sary but nowhere near suf­fi­cient for real trans­for­ma­tion and de­vel­op­ment: for that we need a strong, ca­pa­ble State with ex­ec­u­tive and ad­min­is­tra­tion ca­pac­ity to in­ter­vene in the econ­omy to di­rect sur­pluses to pro­duc­tive ar­eas in the econ­omy.

I THINK an ex­ten­sive feed­back process that’s also pub­lic can be started as soon as pos­si­ble. But re­sources shouldn’t be ex­pended as yet on re­view­ing the codes. It’s naïve to think that pol­i­cy­mak­ers are in con­trol of the out­comes of a process such as em­pow­er­ment, which is lo­cated within a busi­ness con­text and then also within a mar­ket con­text. The State needs to first get its house in or­der to en­sure that their pro­cure­ment of­fi­cers don’t

em­pow­er­ment.” only fo­cus on black own­er­ship as the main mea­sure of

COLIN REDDY an em­pow­er­ment re­search di­rec­tor at Busi­nessMap PIERRE RA­BIE DA trade & in­dus­try spokesper­son

A RE­VIEW of em­pow­er­ment pol­icy is ex­tremely im­por­tant and it must be a thor­ough in­ves­ti­ga­tion to see whether it’s suc­ceeded. If you look at the short­age of skills and the num­ber of young peo­ple leav­ing alarm­ing.” the coun­try it’s

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.