BBBEE Policy Is a ‘Substantial Burden on SA Economy’, Report States

BBBEE policy is a ‘substantial burden on SA economy’, report states

But Black Business Council head Elias Monage says the report is not backed by empirical evidence

Cost of BEE quantified - 4m lost jobs; trillions in GDP. Will Ramaphosa now remove his blinkers?

Groundbreaking report reveals BEE has cost South Africa trillions in GDP and millions of jobs, raising urgent questions about its economic impact.

FMF study counts the cost of BEE compliance

A new study by the Free Market Foundation (FMF) and the Solidarity Research Institute (SRI) indicates the South Africa’s economic trajectory has been undermined by the zealous promulgation of Broad-Based Black Economic Empowerment (B-BBEE). The report, titled “The Costs of BEE Compliance”, reveals that B-BBEE policies are costing the South African economy up to R290-billion per year — equivalent to 2% to 4% of GDP, or up to 192 000 lost jobs ann…