“Ownership should not be seen as the most important pillar [of the New Equitable Economic Empowerment Framework, or NEEEF],” he said at the first convention of the Institute of People Management (IPM).
“Our primary wish is that the policy [NEEEF] grows the middle class, create more black entrepreneurship through procurement/mentorship, and elevate a critical mass of blacks into management positions,” Shaanika said.
He said the NCCI supports NEEEF, but it has “reservations on the depth” of the pillars the framework is based upon and to what extent it can make a meaningful economic transformation.
These sentiments mirror those that many South Africans have expressed. The problem is that it always comes back to ownership. South Africa is only now starting to see the folly of the increased emphasis on ownership. Don't make this easy-to-make mistake Namibia.