‘BEE has created non-productive predatory elite’

 ·1 Oct 2015

Agang’s acting president, Andries Tlouamma, says that the majority (87%) of South Africa’s economy and property are still within the hands of whites, “while BEE has created nonproductive predatory elite aligned to the ruling party”.

Tlouamma was afforded a platform to comment on the African National Congress (ANC) National General Council (NGC) 2015 policy discussion documents by SABC Digital News.

Agang, formed by anti-apartheid activist Mamphela Ramphele in 2013, gained 0.28% of the total voting count (52,350) in the 2014 national elections. It currently has 2 seats in Parliament.

Ramphele stepped down in mid 2014.

Tlouamma said that the ANC has failed to recognize that any economic policy without total removal of sub systems left by legacy of apartheid is a waste of time.

“It’s well clear that free market economy has failed to include majority of the people into the formal economy. The private sector conniving with institutions like IMF, World Bank they have succeeded in excluding the majority of our people into the formal economy, at the same time creating unequal society and few becoming filthy rich,” the Agang lead said.

He called on the government to restructure and align the economy for wider participation of its people or for its people.

“We must revisit our black economic empowerment policies to create policies that will create entrepreneurs and propel them to greater heights, therefore the basis of NDP succeeding and having economic system which majority of South African participate will require a bold and courageous leadership which will face the private sector which behaves like an autonomous body in our country.”

He said that the country’s racial economy is impediment to social transformation, reducing the liberation struggle into a victory of the few particularly the elite.

He warned that the country is “steeply moving towards new imperialist china”.

More on BEE in SA

BEE isn’t doing what it’s supposed to: former ANC treasurer

Watchdog to police BEE fronting

BEE is affirmative action for entrepreneurs

Show comments
Subscribe to our daily newsletter