More black entrepreneurs needed – Makhura

The economic participation of black people in key sectors of the economy is important

DAVID MAKHURA The economic participation of black people in key sectors of the economy is important

Photo by Duane Daws

28th August 2015

By: Sashnee Moodley

Senior Deputy Editor Polity and Multimedia


Font size: - +

Sector strategies to break the monopoly-structured economy were being developed for Gauteng, said Premier David Makhura in Sandton last week.

“We are formulating sector strategies in the province so that we know which interventions to provide for and for which sectors. We need to overcome the monopoly-structured Gauteng economy because out of the 11 sectors in the province, our research indicates that white-owned companies are still dominating in all sectors,” Makhura said when addressing black entrepreneurs and industrialists at a dinner hosted by the Industrial Development Corporation (IDC).

The aim of the IDC dinner was to ensure that black South Africans were active in productive sectors of the economy.

Black people also needed to be at the centre of the economy, he emphasised, noting that the economic participation of black people in key sectors of the economy was important.

Further, claims that black people had been empowered because they participated in the economy were not valid, Makhura expressed.

Transformation was not about people who were just buying and selling products from other economies like China and India, he added.

Economic Development Minister Ebrahim Patel said at the IDC dinner that business leaders needed to help drive government’s policies to be more business friendly.

He said it was government’s task to bring black South Africans to key industries central to economic growth.

“During my Budget Vote speech recently, I announced a R23-billion programme to support and facilitate the growth of black industrialists in the productive sectors that the IDC would be managing for government.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor



SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points


We are dedicated to business excellence and innovation.


Latest Multimedia

sponsored by

Photo of Martin Creamer
ARM, GoldOre, Gautrain make headlines
22nd September 2023
Magazine cover image
Magazine round up | 22 September 2023
22nd September 2023
Resources Watch image
Resources Watch
21st September 2023

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?







sq:0.171 0.206s - 88pq - 2rq
Subscribe Now