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.
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.