Loading...
See More

BEE review: Buck stops at DTI

Apr 10 2007 21:23
Cape Town - Trade and Industry Minister Mandisi Mpahlwa was best placed to comment on black economic empowerment (BEE), the finance department said after its minister told a newspaper BEE had been abused.

"It is something that falls within the domain of dti (department of trade and industry)," finance department spokesperson Thoraya Pandy said on Tuesday.

Finance Minister Trevor Manuel called for a review of BEE policy during an interview with the Financial Times.

While Pandy did not deny that Manuel had made such a statement, she said it was mentioned within a certain context.

"When they asked him about BEE, he made it clear that it did not fall under his area.

"However, he did say that just like any other government policy, BEE needed to be reviewed to look at what works and what does not," she said.

Pandy said it was not improper for Manuel to comment on the policy.

"He is part of the government's economic cluster and as a result has to make an input on issues such as BEE policy," she said.

The Democratic Alliance said it would support a review of BEE.

"A review of BEE would be an excellent opportunity to... see whether it has succeeded in effecting the broad-based empowerment of the disenfranchised, or whether it has merely offered a few politically connected individuals the opportunity to enrich themselves," said the DA's Pierre Rabie.

The dti was not immediately available for comment.

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...