Government’s objective of building the capacity for nurturing black industrialists is surely gaining traction, with the appointment of the new Black Economic Empowerment (BEE) Council during the inaugural session of the Presidential Black Economic Empowerment Advisory Council in Cape Town on 3 March 2015.
According to President Jacob Zuma, in his address to delegates during the event, the council will focus on creating black industrialists in townships and rural areas.
He elaborated: “It is the role of the new members of the Advisory Council to ensure that the Broad-Based Black Economic Empowerment legislative framework through the Black Industrialists Programme achieves maximum inclusivity in terms of economic transformation, bearing in mind the goals set in the National Development Plan.”
Zuma said that among key interventions, members of the Advisory Council needed to tackle historical issues hindering economic transformation such as the public procurement policy
The BEE Council includes Dr Rob Davies, South African Trade and Industry Minister, Susan Shabangu, South African Minister in the Presidency, Mildred Oliphant, South African Labour Minister and Thulas Nxesi, South African Public Works Minister.
Late last year, government announced that it had planned to create at least 100 black industrialists over the next three years in a bid to transform the economy. Surely, the new BEE Council has work cut out.Share this article on Social Networks