Ironic that Pravin Gordhan was the man who implemented the BBBEE regulations that contributed greatly to the demise of Eskom and other SOE”s and forbade business with any company not under black control.
Ironic because, as the current minister for Public Enterprises, he now has to fix the problems he helped to create previously when he was the minister for Finance.
Gordhan, as minister of Finance, implemented certain regulations in 2017 which were derived from a law enacted in 2000, called The Law on the Framework for Preferential Aquisition Policy.
The regulations implemented under Gordhan gave State Owned Enterprises like Eskom the authority to implement their own discretionary and arbitrary minimum black economic empowerment requirements.
These regulations come down to the race based exclusion of companies not under black control. As experience has taught us, these regulations were used to empower a small elite , very well connected
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