RIDING THE SLOW TRAIN TO CHANGE
Policymakers, broad-based BEE practitioners and verification agencies all agree that the ownership element of broad-based BEE remains one of the most important pillars for measuring black participation in the economy. However, these experts have spent years grappling with the measurement and methodology of that pillar, whose miscalculations have led to fronting, misrepresentation and intermediaries taking advantage of the transformation agenda.
In an interview with City Press, founding director of the Centre for Economic Development and Transformation, Duma Gqubule, said broad-based BEE ratings weren’t a true reflection of black ownership.
“They lack transparency because they don’t provide individual company ownership statistics. They don’t explain the measurement principles and methodologies that were used to arrive at conclusions,” said Gqubule, adding that reporting
You’re reading a preview, subscribe to read more.
Start your free 30 days