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Johannesburg - The key challenge of the new proposed black economic empowerment (BEE) rules is to accelerate, broaden and deepen empowerment so it takes root at the core of the economy after two years of retrogression, said department of trade and industry director general Lionel October on Thursday.
Speaking at the Black Management Forum annual conference, he said there has been little empowerment in retail, manufacturing, agriculture and agribusiness, which was part of the reason why there were not enough black industrialists in the economy.
One of the key changes to the policy would be to shift procurement to local players from December 7, and October envisages more linkages between government and potential procurers and business groups.
The new BEE rules had been given to the president and will be made available for public comment "soon", said October.
"From now, empowerment will be broad-based."
The policy aims to deepen empowerment so it fits more squarely into the productive base of the economy.
Speaking at the Black Management Forum annual conference, he said there has been little empowerment in retail, manufacturing, agriculture and agribusiness, which was part of the reason why there were not enough black industrialists in the economy.
One of the key changes to the policy would be to shift procurement to local players from December 7, and October envisages more linkages between government and potential procurers and business groups.
The new BEE rules had been given to the president and will be made available for public comment "soon", said October.
"From now, empowerment will be broad-based."
The policy aims to deepen empowerment so it fits more squarely into the productive base of the economy.
