BBC part of new economy debate – Gordhan

2012-03-01 13:59

The newly-established Black Business Council (BBC) must help create a new economic environment in South Africa, Finance Minister Pravin Gordhan has said.

The BBC “are now the people who have the responsibility... to create a completely new economic environment in the next two decades”, he told the business lobby group at its launch in Midrand.

Gordhan called on the BBC to look at creating a new set of values for the way business was done in South Africa.

“How do we help to redefine it so that this capitalism has a human soul...?” he asked.

“We need to put a soul... into what has become a heartless, ruthless capitalist system that... has little regard on its impact on workers.

“As the BBC, we need to lead a debate on what kind of soul do we want for the next 20 to 30 years.”

This debate was taking place with capitalism in crisis worldwide.

Gordhan said those people who had been marginalised under apartheid South Africa now had the responsibility to carry the country into the future.

Although what was happening in Europe was still a threat to South Africa’s economy, there were opportunities in the country.

“The key for organisations like the BBC... is to look for the opportunities, not the problems... to look at what we can do to catalyse growth... not be paralysed by difficulties the globe may be presenting to us.”

He also called on the private sector to play a role in South Africa’s development and infrastructure projects.

“... The time has also come for the private sector to come forward now and engage in meaningful dialogue with government to say these are the projects.... how can we work together.”

Members of the audience represented the who’s who of the black elite in South Africa, including billionaire and outgoing interim president of the BBC Patrice Motsepe, sports administrator Danny Jordaan, and businessman Vivian Reddy.

Also there were Congress of SA Trade Unions president Sidumo Dlamini, Economic Development Minister Ebrahim Patel, Labour Minister Mildred Oliphant, and Agriculture Minister Tina Joemat-Pettersson.

In September, a black business summit decided to resurrect the BBC to unify black business.

The summit was convened after the Black Management Forum withdrew from Business Unity SA (Busa) in July.

It claimed Busa’s structure was fundamentally flawed and that the voice of black business was “permanently outnumbered and suppressed”.

Busa itself was formed in 2003 through a merger between the then BBC and Business SA.

Join the conversation! 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. 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
Comments have been closed for this article.

Inside News24

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


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 network.


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.