Mail & Guardian
Mail & Guardian
keynesian multiplierlatest news & developments
Government policy for major tenders requires that 30% be awarded to local contractors to promote local skills development and economic opportunity. The idea behind this is well-intentioned. (Graphic: John McCann/M&G)
BROAD BASED BLACK ECONOMIC EMPOWERMENT

Rid the infrastructure spend of patronage in the post-Covid-19 reconstruction

This can be done by making the project’s 30% of the budget for local broad-based black economic empowerment a separate budget to break the feedback loop that greases the wheels…

  • Philip Machanick
8 min read