Gerhard Papenfus, CEO of the National Employers' Association of South Africa, warns that the current Black Economic Empowerment (BEE) policy, is gradually draining the country's resources. He argues that rather than fostering broad-based wealth creation or economic growth, it primarily enriches a small elite while causing significant value destruction.

According to Papenfus, the BEE policy framework has fallen short in promoting entrepreneurship and upskilling large segments of the population, limiting its impact on the overall economy.

Thami Ngubeni spoke to the CEO of the National Employers' Association of South Africa, Gerhard Papenfus.

Gerhard Papenfus, CEO of the National Employers' Association of South Africa, warns that the current Black Economic Empowerment (BEE) policy, is gradually draining the country's resources. He argues that rather than fostering broad-based wealth creation or economic growth, it primarily enriches a small elite while causing significant value destruction.
According to Papenfus, the BEE policy framework has fallen short in promoting entrepreneurship and upskilling large segments of the population, limiting its impact on the overall economy.
Thami Ngubeni spoke to the CEO of the National Employers' Association of South Africa, Gerhard Papenfus.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.