Ramaphosa remains resolute on need for BBBEE policies

SOUTH Africa's Broad-Based Black Economic Empowerment (BBBEE) policies are here to stay.

- SIYABONGA SITHOLE

This was said by President Cyril Ramaphosa, who reaffirmed the country's affirmative action policies as being key to economic transformation and inclusion.

Ramaphosa and Minister of International Relations Ronald Lamola, during their recent address before the Black Business Council summit, affirmed the current legislative framework. This comes as the DA and other commentators have recently voiced their opposition to the country’s economic policies.

In his weekly newsletter issued this week, Ramaphosa indicated that the country's economy will not succeed without the current policies, adding that now is not the time to back-track on these policies, as they are the cornerstone of economic inclusion and the much-needed economic growth as enshrined in the Constitution and the Freedom Charter.

"Our Constitution reflects the promise we made to one another and to future generations to redress the injustices of our past and realise the full potential of our country. For this reason, we reaffirm that broad-based black economic empowerment is not just a policy choice but a constitutional imperative.