President Cyril Ramaphosa has called on the Black Business Council (BBC) to team up with the government to ensure maximum transformation in South Africa’s business sector.
He says it is worrying that some companies 28 years after democracy do not understand how the country’s economy works.
Ramaphosa says a concerted effort by both black business and government will be needed to achieve this inclusive economy.
The President delivered a keynote address at a Black Business Council dinner in Midrand, north of Johannesburg on Thursday night: “In your various articles, if you have demonstrated that you really understand our economy. And also how it should be transformed. After all, the BBC is much more than just the voice of black business, it is the voice of a nation that continues to want to break free from discrimination. ”