“What’s The Economist?” asks Trevor Manuel with a smile when questioned about the newspaper’s recent criticism of South Africa’s Black Economic Empowerment programme (BEE). The article claimed BEE was enriching a tiny black minority, but failing to engineer the broad socio-economic transformation that it intended.
Manuel, South Africa’s planning minister, is no blind follower of ANC policy – recently attracting criticism after chiding his colleagues for blaming South Africa’s woes on apartheid. But he argues that employment equity is a “constitutional imperative”, and criticises the “malignant compliance and foot-dragging” of some companies in the past. Continue reading »