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Watch – Are the IMF and World Bank pointing fingers at BEE?

Recently, President Cyril Ramaphosa said in Parliament that the World Bank and the IMF had identified concentrated ownership of the economy, not BEE, as constraining South Africa’s economic growth. Was he right? Daily Maverick's Rebecca Davis fact-checks.
Rebecca Davis
By Rebecca Davis
11 Jun
Tori-Ramaphosa-announcement South Africa President Cyril Ramaphosa speaks to journalists during a meeting with U.S. President Donald Trump in the Oval Office at the White House on May 21, 2025 in Washington, DC. (Photo by Chip Somodevilla/Getty Images)

 

Reporting by: Rebecca Davis
Produced by: Emilie Gambade
Edited by: Joel Seboa
Animation by: Joel Seboa
In-studio filming by: Bernard Kotze
Sub-edited by: Ian Wolstenholme

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