Vuélvete ilimitado con Magzter GOLD

Vuélvete ilimitado con Magzter GOLD

Obtenga acceso ilimitado a más de 9000 revistas, periódicos e historias Premium por solo

$149.99
 
$74.99/Año

Intentar ORO - Gratis

Cosatu: Strengthen BBBEE, don't roll back transformation

Cape Times

|

December 01, 2025

THE successes and challenges of Broad-Based Black Economic Empowerment (BBBEE) have been the subject of much debate recently in Parliament and across society, including the Minister for Trade, Industry and Competition, Parks Tau, indicating a two staged review of the current BBBEE model.

- Solly Phetoe Cosatu General Secretary.

That's natural. South Africa is a constitutional democracy, something that the Congress of South African Trade Unions (Cosatu) and generations of workers fought and died for.

We expect Parliament to interrogate government policies and legislation, to hold the state accountable for their implementation, and where there are challenges, to find solutions. Cosatu as a Federation anchored amongst workers, will always welcome debate but these must lead to solutions that take the working class forward not backwards.

It is important to remember that South Africa's 1994 democratic breakthrough did not arrive with a clean slate. We inherited 350 years of the world's most brutal forms of colonial and apartheid dispossession, disempowerment and discrimination leaving South Africa the world's most unequal society.

Despite tangible progress since 1994 under government led by the African National Congress, we remain a nation where the colour of one's skin largely determines your economic fate. Similarly, one's gender or disability too play an important determining factor.

No sober government could afford to ignore such ticking-time bombs. No sane society would tolerate a state that did not seek to tackle such structural discrimination. The principles and objectives of BBBEE remain valid and they will continue to be as long as we have such stark levels of inequality, poverty and where access to the economy is not linked to one's entrepreneurial talent, but rather race, gender or disability.

It does not help when politicians and noise hustlers demonise BBBEE as the enrichment of a few. This desperation for social media links dangerously polarises a necessary debate. The objectives of BBBEE and the empowerment of the poor and the working class are sacrosanct and cannot be abandoned in pursuit of votes at the ballot box.

MÁS HISTORIAS DE Cape Times

Cape Times

Crookes Brothers' profit slips amid lower crop prices and weather challenges

CROOKES Brothers's revenue fell 5% to R492.2 million in the six months to September 30, 2023, while profit fell by 52% to R29.28m mainly due to lower prices for the group's crops.

time to read

1 mins

December 01, 2025

Cape Times

Cape Times

‘Not a good look’ - Etzebeth red mars perfect tour

A record-breaking 73-0 win should have been the perfect finale to the Springboks’ November tour, yet the mood soured in Cardiff when Eben Etzebeth was shown a red card — a moment head coach Rassie Erasmus admitted “didn't look good” for the world champions.

time to read

2 mins

December 01, 2025

Cape Times

Hands off white South Africans, Trump

DONALD Trump’s obsession with the myth that white people in SA are being targeted, mistreated, killed and property confiscated ad nauseam is not only a malicious lie, it’s designed to draw attention away from the mess in his own backyard where 80% of middle class Americans own a paltry 20% of America’s wealth. Translated, this means that most middle class working Americans are relatively poor and unable to make ends meet. In South Africa whites who make up just 9% of the population own almost 70% of the wealth. Whites own almost 75% of all agricultural land including all farms. The wealthiest 10% of South Africans (mostly white) own 85% of South Africa’s wealth. Factually South African whites are, by far, better off financially than their American counterparts...and this is what galls Donald Trump. There's an old saying that Trump should note....“Don't fix something that's not broken.” The bottom line is that whites in SA are doing just fine and Donald J Trump should focus on fixing the broken sewer in his own backyard.

time to read

1 min

December 01, 2025

Cape Times

Cape Times

More than 100 000 gather for national day of prayer as SA confronts unemployment and poverty

THE scourge of gender-based violence, high unemployment, and poverty became a rallying cry for more than 100,000 people from various faith denominations who gathered at the FNB Stadium for the National Day of Prayer yesterday.

time to read

2 mins

December 01, 2025

Cape Times

Chile’s migrants seek escape

ALONG Chile’s desert border with Peru, dozens of undocumented migrants line up under the hot sun to try to seek a way out of the country.

time to read

1 mins

December 01, 2025

Cape Times

Stormers’ belief grows after landmark URC triumph

THE Stormers are starting to believe they can win anywhere. Their dramatic comeback victory over Munster at Thomond Park — their first ever there in the United Rugby Championship (URC) — has only strengthened that belief.

time to read

2 mins

December 01, 2025

Cape Times

Eskom’s profit surges to R24.3bn as recovery plan boosts reliability and investor confidence

SOUTH Africa's state-owned power utility Eskom reported a sharp rise in interim profit on Friday, saying continued execution of its turnaround plan had strengthened both operational stability and financial sustainability, with profit after tax climbing to R24.3 billion in the first six months of its 2026 financial year.

time to read

2 mins

December 01, 2025

Cape Times

Quantum Foods reports strong recovery with resumed dividend payments

QUANTUM Foods Holdings strengthened its feed, farming and egg businesses in the year to September 30, while advancing growth opportunities in Africa, the CEO, Adel van der Merwe, said on Friday.

time to read

2 mins

December 01, 2025

Cape Times

Govt pushes oil majors to open up fuel infrastructure access

Black traders warn that automatic leases could entrench dominance of access by foreign oil companies

time to read

3 mins

December 01, 2025

Cape Times

Thousands protest fraud in Philippines

THOUSANDS marched in the Philippine capital yesterday, demanding jail time for scores of officials, lawmakers and construction firm owners accused of pocketing billions of taxpayer dollars in a sweeping corruption scandal.

time to read

2 mins

December 01, 2025

Listen

Translate

Share

-
+

Change font size