This document is still somewhat elusive. However the Namibian has offered the following:
- the primary purpose of the proposed policy is to promote equitable, inclusive and shared economic development, to narrow income disparities between rich and poor over the next 25 years – from 2011 to 2036. Not too different from TESEF, 25 years is a very long time.
- previously disadvantaged Namibians will be given assistance through State-owned financial institutions like the Development Bank of Namibia (DBN) and the SME Bank to buy into existing businesses on commercial or near-commercial terms. Oh no, just like the shambles that is ownership under SA's BEE.
- the commission that will administer Neeef consists of representatives of Government, business, trade unions “and other organisations” including the Employment Equity Commission, the National Training Authority, the DBN, SME Bank and the Ministry of Trade and Industry. (OK)
- “equitable” means “a fair redress and redistribution action”. It's not clear what is being redistributed.
- “social” - is defined as “how human beings relate to each other in production, class, gender and generational relations”. That's very loose, why would you want to define such a word. The document will reveal all.
- “previously disadvantaged” - “victims of Apartheid policies”
- Neeef policy states that it will be based on “voluntary” business practice, it further states that non-compliant companies will not be eligible to tender for Government or State-owned Enterprise contracts. This cannot work in SA, as much as Rob would like it to. It also precludes the government from procuring imports, because those companies would never have NEEEF scorecards. Not a good idea.
- There is to be a review every five years. Companies would score points on ownership, management control, employment equity and human resources as well as skills development.
The New Era reports that the private sector is very unhappy with the policy, they were not given much time to respond to it. Also, and very pertinently
NEEEF replaces the Transformation of Economic and Social Empowerment Framework (TESEF), much to the disappointment of the private sector that says constant changes in the names indicates indecisiveness on government's part.
There doesn't seem to be much certainty in this policy. And the one thing the private sector really appreciates, it's certainty. Humans are very adaptable and will do anything you legislate, but the process is made so much easier if the parameters are well defined.
I'm still looking for a copy of the NEEEF, so if anyone has one please send it to me.