Black entrepreneurs given advice

2016-07-20 06:00
PHOTO: nokuthula khanyile Minister of Small Business Development, Lindiwe Zulu addresses entreprenuers at the Truevine Business Conference.

PHOTO: nokuthula khanyile Minister of Small Business Development, Lindiwe Zulu addresses entreprenuers at the Truevine Business Conference.

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MINISTER of Small Business Development, Lindiwe Zulu said black entrepreneurs need a complete “mindset shift” if they are to be in charge of the economy.

Zulu was speaking at the annual Truevine Business Conference at the Royal Showgrounds on the weekend.

“If we are to be in charge of the economy, we need to think differently. Now that we’ve had 23 years of politics, let’s focus on the economics and accumulate wealth for ourselves.

“It is now time to know where the country’s money is going. Prominent white entrepreneurs have built empires and go to the banks smiling every day and make sure we bicker among ourselves and focus on stories about so and so who is corrupt while they accumulate wealth.

“Let’s take a closer look at where the money is going. Do you know that government spends R1 billion a day on infrastructure? Have you stopped to ask yourself where this money is going? A small fraction of black-owned businesses benefit from that, a large piece of the pie goes to white-owned businesses that have all the required equipment and experience to secure big contracts,” said Zulu.

She said black entrepreneurs needed to unite.

“There is no other way we can take over the economy of the country unless we support each other, understand the economy of the country and the systems of what support the government and private sector has.”

Zulu criticised black entrepreneurs, who front for white-owned companies, to secure tenders and big contracts. “They make you front for them, give you a mickey mouse house, refrigerator and car, then every month they give you R20 000. You need to think big because they are cashing in more at the end of the month. Black businesses must not tolerate mediocrity.

“What I’m afraid of is that if we do not change the way we do things, we are going to begin to be resentful and angry. Let us spend the next 20 to 30 years taking back that economy into our hands, nobody is going to give it to us. Let us find a system and mechanism that is going to help us to do that very quickly.”

Apostle Nathi Zondi said the Truevine Business network is a church-based network that was started in 2007.

“The network is aimed at raising and developing strong and influential entrepreneurs. The network develops entrepreneurs who will create employment and run strong sustainable businesses on sound business and biblical values.”

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