Close Menu
  • News
  • World
    • Africa
    • Europe
    • Asia
    • America
    • Middle East
  • Politics
  • Opinion
  • Sport
  • Business
  • Lifestyle

Subscribe For All The Latest Updates

Get the latest news from Newsnote about Politics ,Sports and business.

Recent Stories

UK gives Abramovich final chance to release Chelsea sale funds to Ukraine

4 hours ago

Meat prices surge as Christmas approaches amid supply pressures

4 hours ago

MK Party Calls for removal of NDPP Shamila Batohi after Nkabinde Commission Testimony

5 hours ago
Facebook X (Twitter) Instagram
X (Twitter) Instagram Steam
newsnotenewsnote
☎ 080 000 1188 (Toll Free)  
Subscribe
  • News
  • World
    • Africa
    • Europe
    • Asia
    • America
    • Middle East
  • Politics
  • Opinion
  • Sport
  • Business
  • Lifestyle
newsnotenewsnote
Home » Black Business Council slams DA’s new bill to replace the B-BBEE
Business

Black Business Council slams DA’s new bill to replace the B-BBEE

Tshegofatso LetsieBy Tshegofatso Letsie2 months agoNo Comments7 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The Black Business Council (BBC) has described the Democratic Alliance’s proposed Bill aimed to replace the Broad-Based Black Economic Empowerment (B-BBEE), as a continuation of apartheid. 

The DA gazetted its Public Procurement Amendment Bill on Tuesday for public comment, calling for an end to the B-BBEE. 

The party described the B-BEEE as a race-based tender policy which does not promote fairness and accountability. 

The council however called on citizens and the National Assembly to reject the DA’s proposal with contempt. 

“In the eyes of the DA, black people are only good as recipients of social benefits or handouts but are not worthy to own any part of their own economy. 

It proposes that the government must continue to do business only with big and white companies. 

In our view, the DA desperately wishes SA can go back to the bad days of apartheid where blacks were exploited as servants of white people with no power or say,” said BBC. 

It continued to defend the B-BBEE policy against claims that it only benefits people of a certain race. 

“The claim that B-BBEE only benefited a few ignores the fact that B-BBEE has various elements including Ownership, Management Control, Skills Development, Enterprise and Supplier Development and Socio-Economic Development. 

“As an example, we now have black executives, Chairmen and CEOs of both private and public sector companies primarily due to Employment Equity,” the Council expanded. 

Reacting to the DA’s proposed Bill, President Cyril Ramaphosa told the media that he had not seen the bill and assured that the B-BBEE policies remain in effect, until the party presents its proposal before parliament.

Author

  • Tshegofatso Letsie
    Tshegofatso Letsie

    View all posts
South Africa
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Tshegofatso Letsie

Related Posts

Meat prices surge as Christmas approaches amid supply pressures

4 hours ago

MK Party Calls for removal of NDPP Shamila Batohi after Nkabinde Commission Testimony

5 hours ago

Woman Identified as Person of Interest in DJ Warras Murder – Tshwaku

5 hours ago
Leave A Reply Cancel Reply

Demo
Top Posts

G20 Summit security measures trigger major Gauteng traffic disruptions as City denies vendor evictions

2 months ago5,928

G20 Summit Day 2: Major road closures and heavy traffic expected across Johannesburg

4 weeks ago1,243

Minister’s chief of staff Cedric Nkabinde to testify

1 month ago1,210

Brown Mogotsi’s alleged shooting raises eyebrows in Vosloorus

1 month ago1,202
Don't Miss
Sport

UK gives Abramovich final chance to release Chelsea sale funds to Ukraine

By newsnote correspondent4 hours ago3

Britain on Wednesday gave Russian billionaire Roman Abramovich a final opportunity to release £2.5 billion ($3.33 billion) from the…

Meat prices surge as Christmas approaches amid supply pressures

4 hours ago

MK Party Calls for removal of NDPP Shamila Batohi after Nkabinde Commission Testimony

5 hours ago

Woman Identified as Person of Interest in DJ Warras Murder – Tshwaku

5 hours ago
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
  • Soundcloud
  • WhatsApp

Subscribe to Updates

Get the latest news from Newsnote

Demo
South African Press Council
© 2025 Newsnote
  • News
  • World
    • Africa
    • Europe
    • Asia
    • America
    • Middle East
  • Politics
  • Opinion
  • Sport
  • Business
  • Lifestyle

Type above and press Enter to search. Press Esc to cancel.