EDITORIAL | THE IMPORTANCE OF DIVERSITY AND INCLUSION
increased access to finance for black
6 million hectares of a targeted
people and women, the employment
total of 25m hectares had been
of rural communities, the development
bought by government and nearly
of black South Africans as human
30% of the land which had been
capital through programmes such as
handed over to aspirant black
coaching, mentorships, sponsorships,
farmers had been sold back to its
internships, and preferential
original owners. To try and address
procurement policies for black- and
this failure to implement the Act,
womenowned businesses. In practice,
we have now amended Section
companies must comply with B-BBEE
25, Article 3 to be even more
Codes of Good Practice (CoGP)
explicit on “Expropriation Without
principles of 2007.
Compensation”.
Central to the issue of transformation is the emotive issue of land reform, including restitution, redistribution and development - as a primary means of production! At the end of the apartheid era, only 13% of commercial farmland was
CLICK HERE FOR PODCAST
owned by black South Africans. Bringing black ownership of farmland up to 30% became one of the central policy pillars of the newly elected GNU in 1994. The White Paper on South African Land Policy of 1997 solidified this objective. In marked contrast to the confiscatory model adopted by Zimbabwe, the Act established a regime based on the principle of “willing seller, willing buyer” at the market price. However, by 2011, only
38
IMPUMELELO TOP EMPOWERMENT
2 0 TH E D I T I O N
