Farmers must give a quarter of their farms for BEE

Die Vryburger

Farmers must give a quarter of their farms for BEE - Image - Die Vryburger

The recent announcement by the government that the Code for Black Economic Empowerment be adjusted so that at least a quarter of each farm should be black owned in the future if products are supplied to the government has specific effects on smaller farms with a turnover of R10 million and R50 million.

It was published in a Government Gazette during December 2017.

“TAU SA is convinced that food does not have color, and as a result, members of the union produce food to all consumers in the country and even to residents of our neighboring states without imposing conditions,” said Mr. Louis Meintjes, the president of TAU SA. “We are outspoken advocates of the free market system and the recognition of private ownership and, consequently, we believe that this provision implies certain compulsion on individual entrepreneurs regarding their preferred economic choice and right to association that directly interfere with both Act 18 as well as Act 22 of the Constitution.”

Read the original article in Afrikaans on Die Vryburger

South Africa Today – South Africa News

Related Post

Two men electrocuted in Newlands East, Durban At 13H20 Thursday afternoon Netcare 911 responded to reports of an electrocution at a site off Inanda road in Newlands East. Reports from the scene...
AfriForum creates fund to support farm attack vict... The civil rights watchdog AfriForum today announced that it had created a fund to offer specifically financial help to farm attack victims. “We should...
Parkwood erupts in protest after shack demolitions Violence broke out after land occupiers’ shacks were demolished and removed along Prince George Drive, in Cape Town’s south peninsula, on Wednesday mo...
According to the Auditor General, municipalities a... The findings of the audit report on South African municipalities that the Auditor General (AG), Kimi Makwetu, released in Parliament on Wednesday 23 M...