In the article ‘It’s time to call a halt to BEE’ (July 17, 2015) FTW quoted BBBeeWise chief adviser, Kyle Mitchell, as saying that it was possible that broad-based black economic codes (B-BBEE) of good practice could have a shelf-life. Mitchell was incorrectly quoted. He said that he believed that B-BBEE had a role to play in South Africa, if managed correctly, and if it was used to educate and develop the previously disadvantaged. Mitchell comments that foreign-owned entities are finding it challenging to comply with the new laws for ownership, with a few companies showing reluctance to comply. “However, with the correct guidance and advice, a company could turn the challenge into a positive, provided the entity is willing to adapt,” he says.
