BEE and the Chokehold it has on the South African Economy

Over the past fifteen years, South Africa’s economy has stopped growing in any meaningful way, while other countries with similar starting points have moved forward. Policies like Black Economic Empowerment, which were meant to fix the unfair system created by apartheid, have mostly helped a small group of wealthy individuals instead of the broader population. These policies, along with poor government decisions, have limited the country’s ability to grow its economy. In this video, I will explore how much money South Africa may have lost because of these problems and how these policies may be holding the country back.

Chapters
0:00 Introduction
1:03 Ramaphosa Letter – BEE is an investment
1:29 Daily Investor – South Africa lost R5 Trillion
1:59 South African Economic growth average just 1% over 15 years
3:24 R5 Trillion and SOE Debt
4:11 True Transformation vs Fake Transformation
5:12 Reliance on Grants
6:22 The Transformation Imperative
7:15 Schools, Training Centres and Universities needed
7:36 Salary Disparities caused by Fake Transformation
8:23 Black unemployment doubled
9:01 A World Bank Perspective
9:43 30% Black Ownership Mandate criticized
10:36 BEE Created a Black Elite
11:35 An important solution

Cyril Ramaphosa Letter

Daily Investor Article:

World Bank Report