Black industrialists ‘key to economic growth, job creation’

2015-04-10 11:23

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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.

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