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IncreasePostsyesterday at 11:07 PM2 repliesview on HN

Does ownership ever get assigned to people who aren't political cronies of the current government?


Replies

consensus1yesterday at 11:40 PM

In South Africa I would be very surprised if that ever happened. This is a country that went from exporting electricity to daily blackouts because of corruption.

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dreambufferyesterday at 11:21 PM

Yes, all the time, because it is a private arrangement between the foreign company and the local company. Private companies are in no meaningful sense "cronies" of the government, even if they were accredited by the formal regulating body. You cannot point to a single major case of B-BEEE favouritism, it is a legal framework that is almost always impartial.

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