Come clean on BEE cost to jobs and investment, IRR urges government

The Institute of Race Relations | Braamfontein

The Institute of Race Relations (IRR) has written to key members of the Cabinet to request them to urgently clarify the cost to jobs and investment imposed by BEE barriers to economic growth in South Africa. The IRR has written to ministers Parks Tau (Trade, Industry, and Competition), Nomakhosazana Meth (Employment and Labour), Stella Ndabeni-Abrahams (Small Business Development), and Ronald Lamola (International Relations and Cooperation). On the issue of attracting job-creating investment into South Africa in particular, these ministers form part of the framework of BEE compliance, and the cost of this to ordinary people. Says IRR Campaign Manager Makone Maja: “For an ailing economy that is in desperate need of growth as a means of achieving empowerment through employment, attracting foreign direct investment (FDI) is a critical ingredient. Despite…

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Star South Africa (Digital) - 1 Issue, 2025-03-20

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