Ramaphosa on BEE: We must integrate black businesses in value chain at any cost

Date:

Ramaphosa on BEE: We must integrate black businesses in value chain at any cost

Speaking at the Inaugural Black Industrialists and Exporters Conference in Sandton on Wednesday Ramaphosa reiterated government’s support for the policy.

President Cyril Ramaphosa. Picture: Presidency/Twitter
  • Cyril Ramaphosa
  • BEE

JOHANNESBURG – President Cyril Ramaphosa has again snubbed critics of the contentious Black Economic Empowerment (BEE) policy.

Speaking at the Inaugural Black Industrialists and Exporters Conference in Sandton on Wednesday, Ramaphosa reiterated government’s support for the policy.

His belief is that BEE remains a viable solution to transform the country’s economy despite some public pushback.

Ramaphosa hopes deliberations at the conference will yield commitments from the private sector to procure more from black business, as well as to support their integration into the value chain.

He advocated strongly for this, adding the integration of black businesses into the value chain should come at any cost.

Without BEE, Ramaphosa warned, the country runs the risk of a private sector that makes little contribution to empowerment.

“Forget what others are trying to do to fight against broad-based black economic empowerment. There can be no inclusive recovery and reconstruction unless broad-based black economic empowerment is at the centre of our efforts.”

Last month, Ramaphosa appointed a panel of business experts to lead the BEE advisory council in a bid to bolster transformation efforts.

The appointment of the 14-member council comes as the country nears 20 years since the policy was promulgated by government.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

EU has no basis for cold storage requirements on SA citrus exports – farmers

EU has no basis for cold storage requirements on SA citrus exports - farmers The European Union is demanding that citrus exports from South Africa be subjected to extreme cold storage in a bid to stave off false codling moth infestation. @ proler/123rf.com Citrus exports World Trade Organization SA citrus farmers False codling moth Cold

Eskom submits tariff restructuring application to Nersa

Eskom submits tariff restructuring application to Nersa At this stage, the utility has not indicated how much tariffs could be raised. The new tariffs will come into effect in April. Eskom's Megawatt Park head office in Sunninghill, Johannesburg. Picture: Xanderleigh Dookey Makhaza/Eyewitness News National Energy Regulator of South Africa Eskom tariffs Email Print Tweet Share

Unions: Eskom must improve 3 issues for wage talks to move forward

Unions: Eskom must improve 3 issues for wage talks to move forward Negotiations between the power utility and unions resumed on Friday morning after reaching a dead-end last week. Eskom Megawatt Park. Picture Xanderleigh Dookey-Makhaza/Eyewitness News. Eskom Load shedding NUMSA Wage strike Email Print Tweet Share Theto Mahlakoana | 40 days ago JOHANNESBURG - Trade unions at

City of Cape Town drafts new policy for mobile businesses

City of Cape Town drafts new policy for mobile businesses It drafted a Mobile Business Policy, which aims to support this growing sector by putting measures in place that would make it easier to apply and operate. FILE: Economic Growth Mayor James Vos said the city welcomed innovative ways of doing business that stimulated the