Ramaphosa defends BEE as investment pledges expected to create 230,000 jobs

Parliamentary Correspondent

Story audio is generated using AI

President Cyril Ramaphosa has defended BEE as a driver of broader economic participation.

While answering questions in the national assembly on Thursday, he rejected the DA’s argument that the policy is holding back investment and growth.

ANC MP Mdumiseni Ntuli asked Ramaphosa what employment growth was expected from investment pledges secured at the 2026 South Africa Investment Conference, given the country’s structural unemployment crisis.