Govt eyes 3% levy to fast-track BEE status
Description
Stephen Grootes speaks to Khaya Sithole, Independent Political Analyst, about the government’s proposal to impose a 3% levy on private firms to fund BEE transformation. Sithole explains how the Transformation Fund could raise up to R40 billion a year and provide companies with automatic level-3 BEE status, while discussing the potential impact on businesses and South Africa’s broader economic transformation agenda.
The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.
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