When certain things upset me I phone the whole world and look for company. I found it in the area of Cape Town. The conversation went like
Him - "so it's 51% black ownership using the flow-through principle?".
Me - "yes".
Him - "you know who drafted this document then?"
Me - "sounds like awdoz to me"
Him - "very suspiciously like the bee commissioner"
Makes sense doesn't it. She has issues with the modified flow through principle. It seems that the drafters (which may or may not include awdoz) are trying to push the BEE verification industry to fit within section 10 of the Act.
(1) Every organ of state and public entity must apply any relevant code of good practice issued in terms of this Act in—
(a) determining qualification criteria for the issuing of licences, concessions or other authorisations in respect of economic activity in terms of any law;
(b) developing and implementing a preferential procurement policy;
(c) determining qualification criteria for the sale of state-owned enterprises;
(d) developing criteria for entering into partnerships with the private sector; and
(e) determining criteria for the awarding of incentives, grants and investment schemes in support of broad-based black economic empowerment.
If you look at subsection (a) it might actually fit. The question here is "does the dti have the right to place such restrictive conditions on this industry".
I reiterate - they have never listened to us before and they won't listen again. It doesn't mean that we shouldn't submit comments. We have to submit comments. Please send me anything you want sent to the deaf dti and I'll put it up here.
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