{"id":97636,"date":"2026-04-23T13:59:02","date_gmt":"2026-04-23T13:59:02","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires"},"modified":"2026-04-23T14:02:28","modified_gmt":"2026-04-23T14:02:28","slug":"mbeki-critiques-bee-benefits-for-black-billionaires","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires","title":{"rendered":"Mbeki Critiques BEE Benefits for Black Billionaires"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Africa. <\/strong><\/span>South Africa\u2019s Black Economic Empowerment (BEE) framework has resulted in the enrichment of a tiny black elite, including President Cyril Ramaphosa, rather than its stated aim at redressing economic imbalances.<\/p>\n<p>The framework has been abused by well-connected individuals to secure access to deals that give them ownership in some of the country\u2019s largest companies.<\/p>\n<p>This does not create new wealth or economic value in South Africa and, more importantly, it does not benefit a broad cross-section of society.<\/p>\n<p>Rather, millions of low-income individuals are trapped in conditions of poverty, with no access to the formal economy and the benefits of the current redress programmes.<\/p>\n<p>Political analyst Moeletsi Mbeki explained how this has played out in South Africa over the past 30 years and how it has resulted in a more fragile economy.<\/p>\n<p>Mbeki said that the people who were the most impacted by the injustices of the past have not benefited from South Africa\u2019s current redress programmes.<\/p>\n<p>He pointed to the people who are stuck in structural poverty in South Africa\u2019s former homelands, the Cape Flats, and those impacted by migrant labour at the country\u2019s mines.<\/p>\n<p>\u201cWho is redressing what is happening to those people? Who is having redress programmes for them? Nobody. There are no redress programmes benefiting them,\u201d Mbeki told the SABC.<\/p>\n<p>In contrast, those who have benefited under the current redress regime are predominantly those who were already successful, well-connected, and highly qualified.<\/p>\n<p>\u201cWho is benefiting from redress? Cyril Ramaphosa. He is getting the so-called \u2018reparations\u2019 from white South Africans,\u201d Mbeki said.<\/p>\n<p>\u201cThey are the ones getting redress. Do they need redress? These are rich guys with many qualifications who are already successful.\u201d<\/p>\n<p>Mbeki said this leads one to conclude that there is no effective redress policy in South Africa, with those who should benefit from it receiving little.<\/p>\n<p>\u201cThe real ones who have to benefit from redress are those I have listed, in the former Bantustans, the Cape Flats, and in townships,\u201d Mbeki said.<\/p>\n<p>\u201cThere is no effective redress in South Africa. There is an enrichment of the black elite in South Africa and not much else.\u201d<\/p>\n<p><b>The cost of BEE in South Africa<\/b><\/p>\n<p>Moeletsi Mbeki<\/p>\n<p>Apart from its ineffectiveness, South Africa\u2019s BEE framework also imposes a significant burden on the country\u2019s economy through compliance costs and lost economic activity.<\/p>\n<p>This has led the government to implement reforms to make the BEE framework more effective, ensure its benefits are more widespread, and make it easier for companies to comply.<\/p>\n<p>However, experts are divided on whether this will move the needle on the ease of doing business and ensure the benefits are more widely spread across South Africans.<\/p>\n<p>The Centre for Risk Analysis believes there is a compelling case for removing BEE in its entirety, with such action likely to translate into increased investment and faster economic growth.<\/p>\n<p>It explained that the current BEE framework adds another unnecessary hurdle to investment in South Africa from global and local investors.<\/p>\n<p>Crucially, it noted that the regular changes to BEE codes, regulations, and legislation are a major source of uncertainty for businesses in South Africa.<\/p>\n<p>This has been coupled with uncertainty in other key areas, such as expropriation without compensation and the National Health Insurance scheme.<\/p>\n<p>The uncertainty created by BEE in South Africa is on top of the onerous compliance costs businesses face under the framework.<\/p>\n<p>Research from the Free Market Foundation (FMF) and the Solidarity Research Institute shows that BEE costs South Africa\u2019s economy up to R290 billion in direct costs and lost economic activity.<\/p>\n<p>All policies have a cost. However, the benefits of BEE are increasingly coming under intense scrutiny in South Africa, given its association with cronyism and corruption.<\/p>\n<p>The FMF estimates that BEE translates into 192,000 job opportunities being foregone each year.<\/p>\n<p>\u201cIn a country with one of the highest unemployment rates in the world, these are not technical side effects. They are structural barriers to growth, investment and job creation,\u201d the foundation said.<\/p>\n<p>\u201cEmpowerment should mean widening opportunity, lowering barriers to entry, and enabling enterprise.\u201d<\/p>\n<p>\u201cInstead, BEE has entrenched insider enrichment while ordinary South Africans remain excluded from meaningful economic participation.\u201d<\/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. South Africa\u2019s Black Economic Empowerment (BEE) framework has resulted in the enrichment of a tiny black elite, including President Cyril Ramaphosa, rather than its stated aim at redressing economic imbalances. The framework has been abused by well-connected individuals to secure access to deals that give them ownership in some of the country\u2019s [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":97634,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,12],"tags":[275],"class_list":["post-97636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-policy","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>Mbeki Critiques BEE Benefits for Black Billionaires - South Africa<\/title>\n<meta name=\"description\" content=\"South Africa\u2019s Black Economic Empowerment (BEE) framework has resulted in the enrichment of a tiny black elite, includin ...\" \/>\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\/mbeki-critiques-bee-benefits-for-black-billionaires\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mbeki Critiques BEE Benefits for Black Billionaires\" \/>\n<meta property=\"og:description\" content=\"South Africa\u2019s Black Economic Empowerment (BEE) framework has resulted in the enrichment of a tiny black elite, includin ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires\" \/>\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=\"2026-04-23T13:59:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-23T14:02:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/04\/sm_1776940247.194903.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\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=\"4 minutes\" \/>\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\/mbeki-critiques-bee-benefits-for-black-billionaires#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mbeki Critiques BEE Benefits for Black Billionaires\",\"datePublished\":\"2026-04-23T13:59:02+00:00\",\"dateModified\":\"2026-04-23T14:02:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires\"},\"wordCount\":713,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/04\/sm_1776940247.194903.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires\",\"name\":\"Mbeki Critiques BEE Benefits for Black Billionaires - South Africa\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/04\/sm_1776940247.194903.jpg\",\"datePublished\":\"2026-04-23T13:59:02+00:00\",\"dateModified\":\"2026-04-23T14:02:28+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"South Africa\u2019s Black Economic Empowerment (BEE) framework has resulted in the enrichment of a tiny black elite, includin ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/04\/sm_1776940247.194903.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/04\/sm_1776940247.194903.jpg\",\"width\":1024,\"height\":576,\"caption\":\"Mbeki Critiques BEE Benefits for Black Billionaires\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/south-africa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mbeki Critiques BEE Benefits for Black Billionaires\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#website\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/\",\"name\":\"South Africa\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/south-africa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Mbeki Critiques BEE Benefits for Black Billionaires - South Africa","description":"South Africa\u2019s Black Economic Empowerment (BEE) framework has resulted in the enrichment of a tiny black elite, includin ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires","og_locale":"en_US","og_type":"article","og_title":"Mbeki Critiques BEE Benefits for Black Billionaires","og_description":"South Africa\u2019s Black Economic Empowerment (BEE) framework has resulted in the enrichment of a tiny black elite, includin ...","og_url":"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires","og_site_name":"South Africa","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2026-04-23T13:59:02+00:00","article_modified_time":"2026-04-23T14:02:28+00:00","og_image":[{"width":1024,"height":576,"url":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/04\/sm_1776940247.194903.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Mbeki Critiques BEE Benefits for Black Billionaires","datePublished":"2026-04-23T13:59:02+00:00","dateModified":"2026-04-23T14:02:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires"},"wordCount":713,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/04\/sm_1776940247.194903.jpg","keywords":["South-Africa"],"articleSection":["all news","economy","policy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires","url":"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires","name":"Mbeki Critiques BEE Benefits for Black Billionaires - South Africa","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-africa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/04\/sm_1776940247.194903.jpg","datePublished":"2026-04-23T13:59:02+00:00","dateModified":"2026-04-23T14:02:28+00:00","author":{"@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"South Africa\u2019s Black Economic Empowerment (BEE) framework has resulted in the enrichment of a tiny black elite, includin ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires#primaryimage","url":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/04\/sm_1776940247.194903.jpg","contentUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/04\/sm_1776940247.194903.jpg","width":1024,"height":576,"caption":"Mbeki Critiques BEE Benefits for Black Billionaires"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/mbeki-critiques-bee-benefits-for-black-billionaires#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/south-africa\/"},{"@type":"ListItem","position":2,"name":"Mbeki Critiques BEE Benefits for Black Billionaires"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/south-africa\/#website","url":"https:\/\/www.africa-press.net\/south-africa\/","name":"South Africa","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/south-africa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/97636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/comments?post=97636"}],"version-history":[{"count":1,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/97636\/revisions"}],"predecessor-version":[{"id":97653,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/97636\/revisions\/97653"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/media\/97634"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/media?parent=97636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/categories?post=97636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/tags?post=97636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}