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Study claims South Africa's BEE policies cost up to R5 trillion and 4 million jobs, suggesting shift to more inclusive policies.
A report by the Free Market Foundation and Solidarity Research Institute claims that South Africa's Black Economic Empowerment (BEE) policies have cost the economy up to R5 trillion in lost economic growth and led to the loss of nearly four million jobs.
Annual compliance costs range from R145 billion to R290 billion, equivalent to 2-4% of GDP.
The study suggests BEE has deterred foreign investment and recommends shifting to more inclusive economic policies.
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El estudio afirma que las políticas de BEE de Sudáfrica cuestan hasta R5 billones y 4 millones de empleos, lo que sugiere un cambio hacia políticas más inclusivas.