Black industrialists ‘key to economic growth, job creation’

2015-04-10 11:23

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

The industrialisation of the South African economy was a big talking point at the third annual Premier Business Awards held at the Sandton Convention Centre last night.

Deputy president Cyril Ramaphosa told the business leaders and politicians in attendance that the industrialisation programme which seeks to support 100 black industrialists is “pivotal to economic growth” which is in turn key to direct and indirect job creation.

“We need a radical economic transformation plan in our lifetime and the industrialisation of our economy through the 100 black industrialists is part of the National Development Plan and key to government’s 9-point plan to address economic constraints and other economic challenges…”

Ramaphosa’s sentiments were reiterated by Trade and Industry Deputy Minister Mzwandile Masina, who also said the plan to create black industrialists was the only way to make sure that the economy was shared by the majority of the people of South Africa.

“It is still clear that the economy is still in the hands of white people… there is a need for black people to make their mark in factories and not only in the boardrooms…”

Among those who attended the awards ceremony was Small Business Minister Lindiwe Zulu and Minister of Trade and Industry Rob Davies, who spoke briefly and introduced Ramaphosa as the guest of honour.

The Lifetime Achievement award went to business mogul and entrepreneur Dr Anna Mokgokong, who was honoured for her stellar contribution to the economy with a record of more than 30 years consistent involvement in business.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/News

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.