Krutham executive chairperson Dr Stuart Theobald joins the Money Show with Stephen Grootes on 702 to discuss how the Transformation Fund worsens ‘inputitis’.

“When you think about BEE policy, it’s really about transformation,” says Theobald. “It’s about how we address the legacy of our history. We should be able to focus on that particular problem and implement policy that delivers solutions in the most efficient way possible. But when you look at how BEE is done in practice, it’s really about how much money we’re going to spend. Companies allocate portions of after-tax profit, revenue or payroll towards earning points on the BEE scorecard. What they’re measured on is how much they put in. They’re not measured on the impact that they actually have in delivering transformation.”

Listen to the full clip below.