Deputy President Paul Mashatile has insisted that BBBEE policies are here to stay despite cabinet colleagues frothing at the mouth, calling for their abolishment.
We are clear in our approach in terms of supporting young people who want to own the means of production, and this fund will realise that reality, he said.
The DA recently announced that it was seeking for the Public Procurement Amendment Act of 2024 to be amended to repeal all race-based preferential procurement provisions and replace them with an empowerment system that targets poverty as the proxy for disadvantage instead of race.