THE same recommendations from World Bank sounds similar to those from Afriforum and Solidarity and this would ‘not stick’, according to Black Business Council.
As a result, the BBC will engage the World Bank to correct their misconception, says Kganki Matabane- BBC’s CEO.
This follows the World Bank’s suggestion that for South Africa to attract investment, it should pull back on BEE and other economic empowerment laws.
“The face of poverty in South Africa is Black, therefore, the World Bank needs to come up with something that makes sense to the majority of South Africans,” says Matabane.
“The data is there, what they are talking about with regards to the market affects 7% of the economy, uttered the irritated Matabane, who as yet is to give date when they will engage with the bank.
Companies across the world always have to comply the laws and regulations of the countries they operate in, he noted.
According to BBC, South Africa cannot be made to forget that there was apartheid in the country; and 32 years later are still grappling with its impact
At the time of publishing it was unclear if BBC would open an invitation to meet both Solidarity and Afriforum.
Other section of Afrikaaner businesses and communities are against the stance taken by those groups.
Image (BBC boss Kganki Matabane to ‘educate’ World Bank on BEE policy).
