BEE puts off investors: Moeletsi Mbeki

Political economist Moeletsi Mbeki has written a research article looking back at the political economy since 1910 and how to move forward. Courtesy #DStv403

Johannesburg - Economist Moeletsi Mbeki says affirmative action is not promoting investment in South Africa.

Mbeki has written a research article, exploring the country's political economy over the past century. 

READ: ConCourt victory for Solidarity in key affirmative action case

Mbeki also offers some ideas on the way forward.

“BEE discourages investment. If I'm an investor overseas I have to seed 26% of my capital to a BEE partner. It's not a sustainable model. That's one of the causes of lack of investment in SA,” he said. 

Source
eNCA