Categorized | B-BBEE Act

BEE’s forced business marriages counterproductive – NESA CEO

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In a holds-no-barreled tone, Gerhard Papenfus, chief executive of the National Employers’ Association of South Africa (NESA), highlights the institutional barriers which the culture of Black Economic Empowerment (BEE) has put placed on the growth and development of white owned small and medium businesses.

In an article, has argues: “Forced business marriages, made for the wrong reasons – based not on a natural merging of talents, abilities and a shared vision, but forced upon business for purposes of short-term commercial gain, even survival. That is while history has taught us that sound decisions can never be based on skin colour.”
He said he was concerned about increased challenges “white”-owned small, medium and micro enterprises (SMMEs) and family businesses are facing due to BEE demands with respect to obtaining business from larger companies, let alone the state

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