Sakeliga ramps up legal fight against BEE "extortion," targeting NHI, Employment Equity, and more.

Loading player...
With Sakeliga’s launch of a critical legal challenge to reverse harmful state overreach and BEE in the property sector, its CEO Piet Le Roux warns that the business interest group will have “more and more concurrent cases on these critical matters, not only on BEE in the property sector, but BEE in competition law, BEE in health products” - and is building “a wonderful case” against the NHI. “We’re going to take this Employment Equity Amendment Act, which is very harmful in itself. It's being prepared for implementation later this year.” Sakeliga also opposes government plans for a R100 billion Transformation Fund. “… they've just effectively announced that they want to have another extortion racket where they want to put money in a government fund. It’s a direct attack on white businesses, and it's going to be very harmful for everyone in this country through a multiplier effect that we've already seen in the public sector and we must prevent this from happening in the private sector.”
22 Jan 4AM English South Africa Investing · Business News

Other recent episodes

Trump v SA: How the world is seeing the flashpoint

In this podcast, Bloomberg shares how many of those outside SA view the Trump vs. SA tension with contributions from the media giant’s deputy managing editor and SA columnist, Justice Malala.
9 Feb 8AM 13 min

Sports Show: Graeme Smith on SA20’s success, rugby roots, and growing the game

In an engaging conversation with Rory Steyn, SA20 commissioner Graeme Smith reflects on his transition from cricket captain to league leader, the tournament’s massive economic impact, and the growth of new cricket audiences. He also shares memories of his rugby-playing days and his loyalty to the Stormers. As SA20’s third…
7 Feb 4AM 21 min

Polish Trump’s ego - or pay a “very dear” price…

South Africa's strained relationship with the United States has been dealt a second blow with US Secretary of State Marco Rubio’s decision to boycott the G20 Summit in Johannesburg. In this interview with economist Dawie Roodt, he warns: “I think it's pretty much a given that we will not be…
6 Feb 7AM 9 min