Cost of BEE quantified - 4m lost jobs; trillions in GDP. Will Ramaphosa now remove his blinkers?

Loading player...
A groundbreaking new report by the Free Market Foundation and Solidarity Research Institute delivers a devastating audit of Cyril Ramaphosa’s pet policy. Quantifying the true cost of Broad-Based Black Economic Empowerment for the first time, researchers reveal how it hollowed out South Africa’s economy, blocked investment, entrenched unemployment - and disempowered the very people it was meant to uplift.
12 Jun 2025 4AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Amazon beats Starlink; PIC's Lanseria crisis; Netflix's slowdown; AI's big margins

In today's BizNews Daybreak we dive into Amazon's quiet maneuver past Starlink into South Africa's satellite internet market via Herotel. We also examine the Public Investment Corporation's escalating governance crisis over the Lanseria Airport transaction, alongside policing gaps fueling local pharmaceutical drug crimes. Internationally, we cover SpaceX’s scrubbed Starship launch,…
16 Jul 11PM 15 min

The R3.5 trillion crisis: Why the PIC is under fire

South Africa's Public Investment Corporation is facing its biggest governance crisis in years. With CEO Patrick Dlamini suspended, senior executives resigning, and the Financial Sector Conduct Authority launching a formal investigation, questions over transparency, accountability, and the safety of government workers' pension funds are mounting. DA finance spokesperson Dr Mark…
16 Jul 8AM 34 min