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

Ian Cameron: 10-Point plan to fight farm attacks

The Democratic Alliance (DA) has drawn up a 10-point plan to deal with farm attacks. In this interview with BizNews, Ian Cameron, the DA spokesperson on Police, says the plan will be submitted to the Minister of Police “and there's a lot of engagement ahead of us regarding rural safety”…
9 Jun 10AM 7 min

Heavy handed regulators ground small airplanes, helicopters, put 300 000 jobs at risk

A sudden policy shift by South Africa’s Civil Aviation Authority threatens to ground over 1,400 light aircraft, cripple aviation training and tourism, and unravel an entire industry ecosystem. Experts warn that a rigid, unconsulted engine overhaul rule could devastate local aviation, all under the guise of safety - despite a…
9 Jun 7AM 18 min

Helen Zille: How a Mayor Zille will rescue Jo’burg

The possibility of Democratic Alliance (DA) Federal Council Chairperson Helen Zille as the next Mayor of Johannesburg has the country talking. In this interview with BizNews, Zille says although she has not yet made up her mind, she is “tending in the direction of doing so”. If she were to…
9 Jun 6AM 9 min

The Sunday Show - Neil de Beer: “Economic genocide” - by the “twats” in Government

In his latest Sunday Show with BizNews, Neil de Beer, the President of the United Independent Movement (UIM), likens the “unraveling” of South Africa’s economy to “economic genocide”. He says the country’S BEE and related laws do not constitute a “package of investment”, but a “hand grenade….that will explode economically”…
8 Jun 7AM 29 min