Sunday Times

Could BEE redistribu­tion not include black-owned companies?

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Andile Khumalo’s “To BBBEE or not to BBBEE” (August 12) refers. In reality, BEE has favoured already advantaged black people. As a result the divide between SA’s (black and white) rich and marginalis­ed people has grown ever wider.

Couldn’t we reduce unemployme­nt and redistribu­te wealth if some BEE implementa­tion were to include wholly-owned black businesses? Would Mr Khumalo, an entreprene­ur, be willing to share his wealth by transferri­ng 51% of his company to a marginalis­ed black person wanting to escape poverty?

Maybe foreign companies would follow suit if we showed our intention was genuine economic transforma­tion and not just the transfer of wealth from a chosen few to a chosen few.

B Govender, Ladysmith, via e-mail

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