FEATURE
Progress made in
transforming the South African economy
P
14
resident Cyril Ramapho-
sector,” said the President. In
noted that as the conference
mitment to promote emerging
sa says it is undeniable
addition to the progress made
recognises and celebrates the
enterprises to drive inclusive
that South Africa has
in management, shareholding
successes of the Black Indus-
industrialisation.
made gains in transforming a
and ownership of businesses
trialists Programme, it needs to
skewed and racialised economy.
by black and female South
also set out what the respon-
that we secure greater repre-
He said this at the opening of the
Africans, there has also been
sibilities are – individually
sentation across the economy,
inaugural Black Industrialist and
substantial progress made in
and collectively – to advance
all the while generating greater
Exporters’ Conference held at
employment equity.
inclusive entrepreneurship.
prosperity and employment.
He said the country’s black
“Our strategy aims to ensure
Over the past six years, the
the Sandton International Con-
The President added that
vention Centre in Johannesburg
while the country reflects on
industrialists strategy is
Department of Trade, Industry
on 20 July 2022.
progress made so far, it is im-
underpinned by two core com-
and Competition, the Indus-
“Today, there are well over
portant to also critically exam-
mitments – securing greater
trial Development Corporation
300 000 black entrepreneurs
ine areas where transformation
diversity in ownership and con-
(IDC), the National Empower-
who own over half of all small
has been slow and imple-
trolling the economy and social
ment Fund and other agencies
businesses in the formal
mentation has been weak. He
solidarity as well as a com-
have supported approximately
Public Sector Manager • July 2022
