Posts tagged with 'Black economic empowerment'

 

#Gupta 2.0 – Harith, New Owner of SAA Set up by Mbeki Ramaphosa Faction Using Government Pension Funds?

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Did anyone ask us? When connecting the dots, as Pravin Gordhan instructed, it seems the privatisation of SAA is yet another plunder scam by the ANC mafia. Harith, the new owner of SAA, was setup by the Mbeki and Ramaphosa faction of the ANC, possibly using funds belonging to the Government Employee’s Pension Fund (PIC). Just like when multi billionaire Oligarchs were created after the fall of the USSR, by funneling state public assets into private crony pockets. the privatization of SAA is just a massive ploy, designed to capture SAA for businessmen connected to Ramaphosa’s faction of the ANC! Was SAA deliberately bankrupted to enable this plunder of our assets?

The minister of Public Enterprises, Pravin Gordhan, announced on Friday 11 June that a consortium called Takatso will acquire SAA and will own 51% in it.

Takatso consists of Harith General Partners, a 100% black owned company, and Global Aviation. Takatso will allegedly invest R
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BEE has de-industrialised SA, pushed it backwards in time – The oppressed has become the oppressor, and technological advancement is no longer possible as we enter the New Sanitation Dark Age

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Zimbabwe had land expropriation as the spark that caused its economy to implode. South Africa has a slower, but equally insidious, government policy that is pushing it backwards in time: Black Economic Empowerment (BEE).

This warped system has enabled corrupt individuals to benefit personally from contracts as the country’s key services have steadily eroded. While BEE provided the mechanisms for state capture, the SA-specific term for wide-scale graft, it has also facilitated the spread of parasites that have, and continue to, suck the life-blood out of the country. This is the assessment of environmental expert Professor Anthony Turton, who warned some years back that Eskom was in critical condition – but no-one was listening. Now raw sewage flows in many streets and the electricity is turned off for hours on end, in what looks like a return of sorts to the dark ages, he points out. Turton’s article, republished here with kind permission of the Daily Friend,
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BEE now a must for real estate – No BEE certificate no fidelity fund certificate!

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In terms of the Real Estate Practice Act, Black economic empowerment (BEE) participation will soon be an obligation in the real estate industry.

Piet Le Roux, CEO of the business organization Sakeliga, is not in favor of the new legislation. He explains that those who previously met the necessary requirements could act as real estate professionals but with the new developments they will now have to have a BEE certificate as a prerequisite.

Le Roux believes that disguising participation in BEE processes as a professional requirement is blatantly harmful, unconstitutional and unfair. He points out that this is unacceptable political interference with the freedom of the industry and the prosperity of the industry for clients as well as the economy.

The new legislation provides that the Real Estate Practices Regulatory Authority may not issue a Fidelity Fund Certificate to any person who does not have a valid BEE certificate. No person may, therefore, act as a rea
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