Sakeliga ramps up legal fight against BEE "extortion," targeting NHI, Employment Equity, and more.

Loading player...
With Sakeliga’s launch of a critical legal challenge to reverse harmful state overreach and BEE in the property sector, its CEO Piet Le Roux warns that the business interest group will have “more and more concurrent cases on these critical matters, not only on BEE in the property sector, but BEE in competition law, BEE in health products” - and is building “a wonderful case” against the NHI. “We’re going to take this Employment Equity Amendment Act, which is very harmful in itself. It's being prepared for implementation later this year.” Sakeliga also opposes government plans for a R100 billion Transformation Fund. “… they've just effectively announced that they want to have another extortion racket where they want to put money in a government fund. It’s a direct attack on white businesses, and it's going to be very harmful for everyone in this country through a multiplier effect that we've already seen in the public sector and we must prevent this from happening in the private sector.”
22 Jan 4AM English South Africa Investing · Business News

Other recent episodes

Ian Cameron opens the can of worms at Crime Intelligence…

The South African Police Service’s Crime Intelligence Division has been hit by one scandal after another. In this interview with BizNews, Ian Cameron, the Chairperson of Parliament's Portfolio Committee on Police, talks about the second sacking of the former Head of Crime Intelligence in the Western Cape; the luxury hotel…
22 Jan 7AM 24 min

Corruption busting, cost-cutting & construction building a better KZN

The “Build KZN Better” summit will be held in Durban next week to bring key stakeholders under one roof to find solutions to issues around the built environment. In this interview with BizNews, KZN Public Works and Infrastructure MEC Martin Meyer gives an update on what has already been achieved…
21 Jan 10AM 10 min