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MEDIA RELEASE: BLACK ECONOMIC EMPOWERMENT - NEW REQUIREMENTS

The recent announcement by government that forthwith the Code for Black Economic Empowerment is to be adjusted thus requiring at least one quarter of farms to be owned by black persons should produce be sold to government, will have a direct impact on smaller farming enterprises with a turnover between RM10 and RM50.  This decision was announced in a Government Gazette during December 2017.

“TAU SA believes that food has no colour and consequently members of the union produces food for all consumers, and even to those in neighbouring states without any conditions”, according to Mr Louis Meintjes, president of TAU SA.  “We are outspoken proponents of the free market system and recognition of private ownership.  Consequently, we believe this stipulation implies a specific compulsion on individual entrepreneurs regarding their economic preferences as well as freedom of association which are encased in Sec 18 and Sec 22 of the Constitution.

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