BEE Remains an Imperative in South Africa - Minister Davies
The Minister of Trade and Industry, Dr Rob Davies says black economic empowerment remains an imperative in South Africa. Minister Davies was speaking at the launch of the revised Broad-Based Black Economic Empowerment Codes of Good Practice in Midrand, today.
"Black economic empowerment is not just a social and political imperative. We need to make sure that in the country's economy, control, ownership and leadership are reflective of the demographics of the society in the same way the political space does. That's why we are saying BEE remains an economic imperative. We cannot expect to grow and develop as a country if the leadership of the economy is still in the hands of only a small minority of the society," said Minister Davies.
He added that the talent pool that is available in the country will not be drawn in its totality if the majority of the country's population was still excluded from the control of the economy.
"We will only be able to realise the number of benefits of the demographic and democratic changes when all our people have the opportunities which they ought to be having in terms of the values of our Constitution. So BEE is also an economic imperative," added Davies.