Deputy President Paul Mashatile has stated that South Africa’s Black Economic Empowerment laws will not be abolished but will be reviewed for potential amendments. He explained that the objective is to refine the Broad-Based Black Economic Empowerment framework to address its shortcomings and enhance its inclusivity.
Mashatile emphasized that the policy remains essential for correcting historical economic imbalances. He confirmed that the Department of Trade, Industry, and Competition is conducting a review to identify gaps and ensure the legislation benefits a broader majority of citizens. This position was presented during a session in the National Assembly, where he advocated for improving the existing system rather than replacing it.
Mashatile emphasized that the policy remains essential for correcting historical economic imbalances. He confirmed that the Department of Trade, Industry, and Competition is conducting a review to identify gaps and ensure the legislation benefits a broader majority of citizens. This position was presented during a session in the National Assembly, where he advocated for improving the existing system rather than replacing it.
