Happy birthday BEE blog. I started this blog 13 years ago. I needed a web presence and had no html (I still don't) skills. I was very inspired, and remain inspired, by Fred Wilson. Fred is incredibly prolific, he posts something new every day, and he does it religiously. I had been reading his blog for a few years before I started this one. Fred's blog was on Typepad - so I did what Fred did. Here we are 13 years later.
My target now is the sheer arbitrariness of the dti and its multitude agencies and resident fascists. I think the BEE commissioner needs to be reminded that she has a broader job to do than chase unwinnable ownership cases - does her behaviour ring any bells? Cut from the same cloth those two.
Now onto NEEEF
This came up on my Google alerts this morning
WINDHOEK – President Hage Geingob yesterday confirmed that the fiercely debated 25 percent equity stake stipulated in the National Equitable Economic Empowerment Policy Framework (NEEEF) has been removed. Its critics, who say the move would restore investors’ confidence, welcomed the removal of the clause.
This doesn't mean that NEEEF is going away
However, he was quick to point out that all pillars of NEEEF will remain and be taken into account for enterprises doing business with government and applying for natural resource licensing.
For several years now, the private sector has been pressuring government to remove the clause that would have forced white businesses to sell a 25 percent stake to previously disadvantaged Namibians.
I wonder whether NEEEF will ever take off. I've been visiting Namibia for the last ten years, I've done two conferences on the subject and they are no closer to implementing this policy.
I'm available for consultation and conferences in Namibia. It's one of my favourite places in the world
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