FUNDING
Trade department parts with millions of rand to help BBC
Trade and Industry Minister Rob Davies discloses the state has funded the Black Business Council to the tune of R7m
The Department of Trade and Industry has funded the Black Business Council (BBC) to the tune of R7m over the past three years and more than that over the past six years. Trade and Industry Minister Rob Davies made this disclosure in a written reply to a parliamentary question by DA MP Werner Horn on Wednesday. The minister stressed that the money was appropriated in the department’s budget and was paid "to strengthen and promote advocacy and the roll-out of the Broad-Based Black Economic Empowerment Amendment Act and, in particular, the black industrialist programme". Davies said the department had not made any payments to the Progressive Professionals Forum or to the Decolonisation Foundation. Davies said in an interview that the department had over the years assisted several business organisations to establish themselves. It was about capacity building. The funding for the BBC started when it was still a small organisation trying to get off the ground. The minister pointed out tha...
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