Johannesburg - The SA Institute of Race Relations (IRR) wants black economic empowerment (BEE) scrapped as it has harmed the great majority of black South Africans and replaced with a policy not based on race.
The institute is proposing the economic empowerment of the disadvantaged (EED) as an alternative policy which will not emphasise race but empower poor South Africans.
“With BEE when you have things like BEE deals, management posts, preferential procurement, the great majority of people just have no hope of ever accessing those things, particularly if they are unemployed,” said IRR head of policy research Anthea Jeffery.
She said BEE deterred investment.
“A lot of companies that might have come here are going elsewhere. We really have to do something that’s business-friendly that will give businesses what we call EED points for everything they do which helps expand the economy and expand opportunities for people,” Jeffery said.