Krutham executive chairperson Dr Stuart Theobald joins the Business Day TV to discuss BEE compliance shortcut?

“In terms of the wider impact on BEE, what really matters is how the 3% proposed by the department of trade, industry & competition as part of its Transformation Fund development will be spent. Can we put it into a fund that will effectively empower black-owned businesses to succeed and achieve transformation? And will that outcome be delivered more effectively through the Transformation Fund than through alternative companies implementing ownership schemes and introducing black shareholders into their shareholding structures?  

We need to test these two models against each other and decide which is likely to deliver the greatest net benefit. It remains unclear whether the Transformation Fund will be able to achieve outcomes superior to what the status quo or what typical ownership schemes do at the moment,” says Stuart Theobald. 

Watch the full clip below.