Mbalula defends BEE and says South Africa needs more black billionaires

Mbalula defends BEE and says South Africa needs more black billionaires

ANC secretary-general Fikile Mbalula says most wealthy people in South Africa are white, with the exception of mining magnate Patrice Motsepe. He said the country’s transformative laws, such as broad-based black economic empowerment (BBBEE), remain necessary to address inequality between black and white people in South Africa. He was speaking in Polokwane on Wednesday at an event commemorating the life of ANC stalwart Peter Mokaba. “The biggest …