Last year I hosted a conference in Windhoek about the NEEEF. The overriding impression I got was that the government was willing to talk and listen to business. Something that our dear bolshie bob is not willing to do at all. The latest NEEEF developments are a reflection of this
the controversial NEEEF clause that required companies to cede a 25 percent stake to previously disadvantaged will not translate into broad-based empowerment and has been done away with.
The government role, according to Geingob, is to create a conducive business environment where owners, whether black or white, who can afford risk capital, can participate in equity transactions under NEEEF.
So much to learn from this.
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