The new targets which have been set for Black Economic Empowerment is unrealistic and artificial and a forced business partnership and will be as unsuccessful as a loveless marriage, Adv. Anton Alberts, the FF Plus’ parliamentary spokesperson on trade and industry says.
Adv. Alberts says it is clear that the ANC government’s economic policy is similar to the fascist policies of Benito Mussolini. It is an anti-parliamentary system of government where the legislative and executive authority and the enforcement of all policy issues rest with a dictator.
“With regards to the economy of South Africa, it means that in practice the state owns and manages the economy through, amongst others, establishing rules about the ownership pf business enterprises,” Adv. Albert says.
The department trade and industry on Friday issued the second set of amended empowerment codes for this year in terms of the Broad Based Black Economic Empowerment Amendment Act. These codes are enforceable on qualifying small enterprises.
It stipulates that small enterprises with a turnover of between R10 million and R50 million must sell a minimum of 25% of their businesses to black shareholders.
Adv. Alberts says these new rules are unconstitutional and unenforceable and the majority of the businesses will rather give up than to try and adhere to the new rules.
“Where should one find black partners when they do no exist? Thee just isn’t merely enough wealthy and suitably qualified to implement these unrealistic plans.
“The FF Plus will be asking the parliamentary portfolio committee on trade and industry to reject these codes. Should this not be done, we will obtain legal advice and take legal steps in conjunction with the private business,” Adv. Alberts says.
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