{"id":96437,"date":"2026-02-27T16:16:50","date_gmt":"2026-02-27T16:16:50","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/treasury-rejects-b-bbee-scrapping-amid-economic-friction"},"modified":"2026-02-27T16:59:24","modified_gmt":"2026-02-27T16:59:24","slug":"treasury-rejects-b-bbee-scrapping-amid-economic-friction","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/treasury-rejects-b-bbee-scrapping-amid-economic-friction","title":{"rendered":"Treasury Rejects B-BBEE Scrapping Amid Economic Friction"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Africa. <\/strong><\/span>Finance Minister Enoch Godongwana says an honest debate is needed regarding the shortcomings of Broad-Based Black Economic Empowerment (B-BBEE), rather than calls for the policy to be scrapped.<\/p>\n<p>The African National Congress&#8217;s flagship policy again came under attack from the Democratic Alliance(DA) in Parliament on Friday.<\/p>\n<p>MP Andrew Bateman contended that the framework is holding back the economic growth required to improve the country\u2019s balance sheet.<\/p>\n<p>Parliament&#8217;s finance committees have been questioning National Treasury officials about Budget 2026, which was tabled by Godongwana on Wednesday.<\/p>\n<p>B-BBEE continues to be a sticking point within the Government of National Unity (GNU).<\/p>\n<p>However, Godongwana maintains that as a constitutional imperative, the policy cannot simply be done away with.<\/p>\n<p>Bateman argued that BEE is actually disadvantaging Black South Africans by limiting their opportunities while simultaneously undermining economic growth and the country\u2019s fiscal position.<\/p>\n<p>&#8220;BEE has empowered some Black South Africans, but it\u2019s done so at the expense of all South Africans\u2014the vast majority of whom are Black. So, it\u2019s failed in its central objective on balance,&#8221; Bateman stated.<\/p>\n<p>Responding to Bateman\u2019s assertions, Godongwana argued that the policy should be objectively critiqued rather than attacked on principle.<\/p>\n<p>He suggested that the focus should shift toward identifying and fixing specific flaws.<\/p>\n<p>&#8220;You can\u2019t say do away with it,&#8221; Godongwana said. &#8220;Are there any unintended consequences? If the debate starts there, at an objective basis of analysing some of the unintended consequences and we have a constructive discussion. At the moment, it\u2019s an ideological attack rather than an objective analysis of its efficacy.&#8221;<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">South-Africa<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. Finance Minister Enoch Godongwana says an honest debate is needed regarding the shortcomings of Broad-Based Black Economic Empowerment (B-BBEE), rather than calls for the policy to be scrapped. The African National Congress&#8217;s flagship policy again came under attack from the Democratic Alliance(DA) in Parliament on Friday. MP Andrew Bateman contended that the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":96436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[275],"class_list":["post-96437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Treasury Rejects B-BBEE Scrapping Amid Economic Friction - South Africa<\/title>\n<meta name=\"description\" content=\"Finance Minister Enoch Godongwana says an honest debate is needed regarding the shortcomings of Broad-Based Black Econom ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/treasury-rejects-b-bbee-scrapping-amid-economic-friction\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Treasury Rejects B-BBEE Scrapping Amid Economic Friction\" \/>\n<meta property=\"og:description\" content=\"Finance Minister Enoch Godongwana says an honest debate is needed regarding the shortcomings of Broad-Based Black Econom ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/treasury-rejects-b-bbee-scrapping-amid-economic-friction\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-27T16:16:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-27T16:59:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/02\/sm_1772198598.068548.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/treasury-rejects-b-bbee-scrapping-amid-economic-friction#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/treasury-rejects-b-bbee-scrapping-amid-economic-friction\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Treasury Rejects B-BBEE Scrapping Amid Economic Friction\",\"datePublished\":\"2026-02-27T16:16:50+00:00\",\"dateModified\":\"2026-02-27T16:59:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/treasury-rejects-b-bbee-scrapping-amid-economic-friction\"},\"wordCount\":285,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/treasury-rejects-b-bbee-scrapping-amid-economic-friction#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/02\/sm_1772198598.068548.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/treasury-rejects-b-bbee-scrapping-amid-economic-friction#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/treasury-rejects-b-bbee-scrapping-amid-economic-friction\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/treasury-rejects-b-bbee-scrapping-amid-economic-friction\",\"name\":\"Treasury Rejects B-BBEE Scrapping Amid Economic Friction - 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