LIVE | 'Affirmative action, BEE were introduced to address the imbalances of apartheid' - Ramaphos
Ramaphosa tells Steenhuisen that they need to have a drink to discuss BBBEE further.Ramaphosa asks Steenhuisen to focus on how we apply BBBEE to achieve policies that benefit the majority. Ramaphosa reiterates that the economy should benefit everyone.Ramaphosa responds to a question from DA leader John Steenhuisen. The policies of the past meant that white people were privileged over and above the black South Africans. We need to correct that.
Ramaphosa says he does not know any black person who has inherited something from their parents. But on the white side, almost all white people inherited something from their parents, he says.Ramaphosa says BBBEE and affirmative action were introduced to address the imbalances of apartheid. While progress has been made to empower black people and women in our economy, these policies have not been felt by the majority, Ramaphosa says.The next question is from FF Plus leader Pieter Groenewald.
"Our coal-fired power stations, a number of them are nearing the end of their lives. As they get there, they need to have a just transition," said Ramaphosa. He said while jobs will be lost, unions, civil society groups and been forthcoming in interventions to ensure that the transition does not leave too many marginalised people behind.Ramaphosa said:"The $8.5 billion may sound substantial, but it isn't. The World Bank has projected that we will need a couple trillion of Rands to navigate our way through a proper and just transition."In his supplementary question, Singh asked Ramaphosa about the $8.
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