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We must make it clear that abandoning Broad-Based Black Economic Empowerment is not an option. B-BBEE remains absolutely necessary. #FrankDialogue #PaulMashatile

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Paul Mashatile🇿🇦

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75,211 views • 5 months ago •via X (Twitter)

News & Politics#FrankDialogue#PaulMashatile
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The newly appointed Broad-Based Black Economic Empowerment (B-BBEE) instructor appears to be struggling to perform the responsibilities of the role effectively.”‼️
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President Cyril Ramaphosa 🇿🇦 rejects claims that Broad-Based Black Economic Empowerment is an obstacle to economic growth, saying transformation has expanded participation in key sectors of the economy and opened opportunities that were historically reserved for a few. #RamaphosaQandA
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There is absolutely no reason that American companies should have to give away shares to black South Africans. Black Economic Empowerment is racist and ridiculous.
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[WATCH] "We need to challenge the notion that Black economic empowerment is a cost to the economy. We need to demonstrate that it is an investment in the economy. Now is not the time to abandon the measures we have put in place to drive transformation," says President Cyril Ramaphosa.
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[WATCH] "We need to challenge the notion that Black economic empowerment is a cost to the economy. We need to demonstrate that it is an investment in the economy. Now is not the time to abandon the measures we have put in place to drive transformation," says President Cyril Ramaphosa.

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Major Law Firms Challenge B-BBEE Legal Sector Code in Gauteng High Court South Africa's leading law firms, including Deneys Reitz (formerly Norton Rose Fulbright), Bowmans, Webber Wentzel, and Werksmans, are before the Gauteng High Court this week challenging the Broad-Based Black Economic Empowerment (B-BBEE) Legal Sector Code. The firms argue that the code, gazetted by Trade and Industry Minister Parks Tau in September 2024, is unlawful, unconstitutional, and impractical. Key objections include strict targets such as 50% black ownership within five years, 25% black representation in management, and specific briefing quotas for black advocates. Applicants contend these timelines do not align with how law firms operate, as equity is typically held by practising partners who require years of qualification and experience. They warn that rigid implementation could damage firms' B-BBEE ratings and access to government work, ultimately undermining broad-based transformation. Government respondents and the Legal Practice Council maintain the code is necessary to address persistent structural inequalities in the legal profession more than three decades after apartheid. The matter, formally Norton Rose & Others v Minister of Trade, Industry and Competition (Case No: 2024-149523), is being heard by a full bench of three judges. Proceedings are set to run for five days until Friday. The outcome could have significant implications for B-BBEE policy across other professional sectors. Public debate remains sharply divided, with critics viewing the challenge as resistance to meaningful change and supporters arguing the code's targets risk being counterproductive.
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