Business Books

It’s time to rethink BEE, says empowerment expert Professor Phinda Madi

Professor Phinda Madi’s “Black Economic Empowerment – 20 Years Later – The Baby and The Bathwater” is the third book in a trilogy.

Madi is the first black author to have written on the subject of BEE.

In “Black Economic Empowerment – 20 Years Later – The Baby and The Bathwater” he argues that the time for a review of BEE has come.

The book features conversations with industry leaders such as Tito Mboweni, Richard Maponya, Sandile Zungu and Vusi Thembekwayo, amongst others.

The Money Show’s Bruce Whitfield interviewed Madi for his weekly business book review.

Scroll down for quotes from the audio below.

We took our eye off the ball is what I argue in the book.

Professor Phinda Madi

We are trying to create a strong, black entrepreneurial class.

Professor Phinda Madi

Herman Mashaba feels it’s time to abandon BEE altogether. But I believe it will be premature to go non-racial. You can’t address the effects of Apartheid by being colour-blind. I do, however, understand Herman’s concerns.

Professor Phinda Madi

I propose Black Economic Enablement - a truly paradigm shift. The emphasis should be on the creation of black entrepreneurs and black small and medium sized businesses.

Professor Phinda Madi

Government must remove obstacles en route to creating black entrepreneurs.

Professor Phinda Madi

Subscribe to our Business Wrap Newsletter

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
SA’s public finances recovered spectacularly after ’94. We’re back on the brink…

SA’s public finances recovered spectacularly after ’94. We’re back on the brink…

Financial Mail's Claire Bisseker discusses her book “On the Brink: South Africa’s Political and Fiscal Cliff-Hanger”.

Principles that lead to success (by Ray Dalio, the ‘Steve Jobs of investing’)

Principles that lead to success (by Ray Dalio, the ‘Steve Jobs of investing’)

Regular book reviewer Ian Mann reviews “Principles” by Ray Dalio, a "business" book you can live your life by.

“Maturing” Black Economic Empowerment (BEE) schemes for dummies

“Maturing” Black Economic Empowerment (BEE) schemes for dummies

A financial planner discusses the ins and outs of maturing Black Economic Empowerment schemes.

How “empowerment” aims to create a more prosperous South Africa for all

How “empowerment” aims to create a more prosperous South Africa for all

We interviewed Nkululeko Sowazi, Co-Founder of Kagiso Tiso Holdings, about the science of empowerment.

Did Broad Based Black Economic Empowerment fail?

Did Broad Based Black Economic Empowerment fail?

Did investors actually benefit from broad based schemes? Or was it really a failure as some claim?

Why we must keep the "Broad Based" in "Broad Based Black Economic Empowerment"

Why we must keep the "Broad Based" in "Broad Based Black Economic Empowerment"

Government announced changes that could narrow the reach of empowerment programs to a few black industrialists only.

Popular articles
LISTEN: Gerrie Nel on why he's persuing prosecution against Duduzane Zuma

LISTEN: Gerrie Nel on why he's persuing prosecution against Duduzane Zuma

AfriForum will prosecute Duduzane Zuma after NPA declined to do so in 2015 following a 2014 accident where a woman died.

How we invented the modern concept of sleep

How we invented the modern concept of sleep

Dr Bodhisattva Kar reveals how industrial capitalism influenced the world's current sleep patterns.

Hassen Adams (he brought Burger King and Dunkin’ Donuts to SA) talks money

Hassen Adams (he brought Burger King and Dunkin’ Donuts to SA) talks money

The Money Show’s Bruce Whitfield interviews Adams about his attitude to money (hopes and fears, successes and failures, etc.).

Kloof Street residents living in fear as crime multiplies

Kloof Street residents living in fear as crime multiplies

A Cape Town man was stabbed to death on Saturday while trying to assist two women who were being mugged on Kloof street.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.