Gabriel Crouse on BEE Premiums: DA’s opportunity to end R150bn annual gift to ANC-loved elites

Pressure on the ANC’s elite-enriching BEE policies ratcheted up to a new level this week. Apart from GNU negotiations over the delayed National Budget, attention was also focused on BEE after on the completion, 17 years later, of the Kusile power station at a final cost of R250bn. It had been signed off as an R80bn project, but was massively escalated by BEE requirements that opened the door to corruption and rent seeking. Among the beneficiaries was (publicly disclosed) billions received by the ANC’s investment arm Chancellor House. IRR fellow Gabriel Crouse spoke to BizNews editor Alec Hogg.