Namibia's new proposed black economic empowerment policy, the New Equitable Economic Empowerment Framework (NEEEF), is too close to the South African model which was "widely perceived to have failed", Dawe said.
Talks with Prime Minister Nahas Angula have shown that his position "is flexible on condition that our [chamber] members honestly embraced the NEEEF principles and that the targets [of the policy] would eventually be met", Mark Dawe, president of the Chamber of Mines of Namibia said. Discussion in this regard are ongoing, he said.
Dawe on Wednesday said: "As we grapple through a minefield of policy and economic philosophies, we should never lose sight of the fact that this great country would be so much greater if the private sector would be allowed to flourish under a conducive, supportive and regulatory framework that optimises the utilisation of its mineral endowment to the benefit of all Namibians."
Three interesting things come out of this report
- The government's flexibility in the implementation of NEEEF. NEEEF is too extreme and is likely to alienate more people than it will benefit. But a collaborative approach is a great start.
- BEE (South Africa) is deemed to have failed. Not so - it's the ANC that has failed BEE, not BEE that has failed as a policy.
- The same sentiments about government intervention exist in Namibia as in South Africa.