Experts call for 'balanced' approach to reforms

ECONOMIC experts have called for a balanced view on possible changes to the country's Broad-based Black Economic Empowerment (BBBEE) policies, and other pro-black South African laws, which must balance the needs of everyone, especially those who stand to benefit from these laws.

- SIYABONGA SITHOLE

This comes as the DA through its leader, John Steenhuisen, proposed “sweeping” changes to some of the country's pro-black policies.

During a media briefing yesterday, Steenhuisen launched the party's six-point plan to turbocharge the economy, which includes changes to the BBBEE, Land Expropriation and Employment Equity Act.

Steenhuisen slammed South Africa’s BBBEE policies, saying they failed to uplift disadvantaged citizens and have instead promoted elite enrichment of politicians and their affiliates.

As a result, Steenhuisen put forward what he called an inclusive alternative to the current framework of transformation, which he said is based on need rather than race, and which unlocks opportunity for all South Africans.