BLACK BUSINESS
We expect radical change, BBC tells Gigaba
The Black Business Council demands an end to ‘investment strike’
The Black Business Council (BBC) says it will hold Finance Minister Malusi Gigaba to his initial promises of radical economic transformation. "I will call it what it is. I don’t care any more … there’s an investment strike in this country," BBC president Danisa Baloyi said on Monday. "There are people sitting on billions and trillions of our money. The money in the banks is our money. We need to get out of this investment strike and start investing in the people. "It’s wrong to call for investment if we’re not investing." She said the government should champion black small, medium and micro enterprises as the catalyst for economic growth and development. It should deliver on its promise that 30% of all big contracts be set aside for small businesses. "The Black Industrialists Programme is a catalyst but please don’t put speed bumps.... The president says there will be 30% set aside and Treasury says if it’s feasible. ‘If feasible’ means that it won’t happen. We want that to be revis...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.