# The Institute of Race Relations is calling for the scrapping of broad-based black economic empowerment, as it hampers economic growth and benefits only a connected elite. The organisation has invited the World Bank for discussions on market-friendly policies after the bank’s recent report identified BEE as an anti-growth policy. The institute’s Makone Maja says South Africa needs seven-percent annual gross domestic product growth, but policies like BEE act as investment disincentives:
Institute of Race Relations says BEE enriches elite while hurting the poor [SOUND]
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