The True cost of BEE for South Africans - TRILLIONS of Rands!

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Article by Kanthan Pillay: https://kanthanpillay.com/blog-entry/impact-black-economic-empowerment-south-africa-gdp

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Black Economic Empowerment (BEE) was sold to South Africans as a way to fix historical injustices, uplift the poor, and grow the economy.

But what if the opposite has happened?

In this episode of Newsflash, Joe Emilio breaks down Kanthan Pillay’s explosive analysis revealing how BEE may have cost South Africa trillions in lost GDP growth. According to the data, if South Africa had simply kept pace with average global growth since 1994, our economy could be R8.9 trillion larger today. Instead, we’ve seen rising unemployment, falling productivity, a shrinking middle class — and an elite few growing richer off government-linked deals.

From cadre deployment to race-based hiring, Pillay argues that BEE became a silent tax on innovation, investment, and ordinary South Africans. While the policy was intended to help the many, it’s empowered the politically connected few — leaving the rest of the country behind.

Joe simplifies the numbers, unpacks the implications, and asks: Can we really afford to keep defending a policy that’s failing the very people it was meant to uplift?

Whether you’re a student, professional, policymaker, or concerned citizen — this is an episode you need to watch.

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💬 Comment your thoughts below. Do you think BEE needs reform — or a total reset?

📌 Sources and Mentions:
Original article by Kanthan Pillay:
https://kanthanpillay.com/blog-entry/impact-black-economic-empowerment-south-africa-gdp

📺 Previous related episodes:
– Ramaphosa defends BEE: [link]
– Dawie Roodt on SA’s economic crisis: [link]
– The shrinking middle class: [link]

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#BEE #SouthAfrica #KanthanPillay #Economy #Newsflash #JoeEmilio #BlackEconomicEmpowerment #GDP #TrillionRandLoss #CadreDeployment #TransformationOrTragedy

Видео The True cost of BEE for South Africans - TRILLIONS of Rands! канала NewsFlash w/ Joe Emilio