In a webinar tomorrow morning, Dr Anthea Jeffery, Head of Policy Research at the Institute of Race Relations (IRR) will spell out details of the Institute’s Economic Empowerment for the Disadvantaged (EED) proposal.
The EED alternative is set out in the latest of the IRR’s Blueprint for Growth papers, Breaking the BEE Barrier to Growth, which will be launched at tomorrow’s webinar.
Written by Jeffery, the paper highlights the failures of BEE and presents EED as a solution.
The IRR notes that in 2025 “criticisms of BEE reached an unprecedented intensity”.
“Many commentators here and abroad warned repeatedly that BEE helped only the black elite while harming the great majority.
“The Economist magazine echoed this view and called for BEE to be ‘scrapped’. The Wall Street Journal recalled the waste so often resulting from BEE in state tenders.
“The ANC and others jumped to BEE’s defence. As ever, they emphasised the good BEE is supposed to achieve, while ignoring the damage it does in practice.”
In contrast, EED “would stimulate growth and help empower the poor in meaningful ways”.
To join tomorrow’s webinar, in which Jeffery will be joined by the IRR’s Hermann Pretorius, register at: https://streamyard.com/watch/2sB7aUK8fxjt
The hour-long event will begin at 10am.
[Image: wal_172619 from Pixabay]]