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Pressure on the ANC’s elite-enriching BEE policies ratcheted up to a new level this week. Apart from GNU negotiations over the delayed National Budget, attention was also focused on BEE after the completion, 17 years later, of the Kusile power station at a final cost of R250bn. It had been signed off as an R80bn project, but was massively escalated by BEE requirements that opened the door to corruption and rent-seeking. Among the beneficiaries was (publicly disclosed) billions received by the ANC’s investment arm Chancellor House. IRR fellow Gabriel Crouse spoke to BizNews editor Alec Hogg. Video production by Asime Nyide Support South Africa’s bastion of independent journalism, offering balanced insights on investments, business, and the political economy, by joining BizNews Premium. Register here - https://bit.ly/41kOQdP Your early morning brew of the BizNews Insider keeps you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here - https://bit.ly/3is4b7l. Join this channel to get access to perks: / @biznewstv