New BEE Tax Plan Sparks Controversy Among South African Businesses

The Department of Trade, Industry, and Competition’s (DTIC) proposal to fund a R100 billion Transformation Fund through private sector contributions has faced significant backlash from political parties and business advocacy groups. The fund aims to support black-owned businesses and Small, Medium, and Micro Enterprises (SMMEs), but critics have raised concerns about its implementation and potential … Continue reading New BEE Tax Plan Sparks Controversy Among South African Businesses