Business
South Africa needs black industrialists – Zuma
President Jacob Zuma (pictured), has encouraged the instrospection of black business organizations, called for non-racial business unity and decried the absence of black industrialists “who own factories and manufacture textiles, furniture, metal products or whatever the market requires”.
Speaking at the Black Business Summit in Johannesburg yesterday, Zuma welcomed black business’s initiatives to spark internal dialogue to assess progress on transformation of the local economy.
The summit comes in the midst of strife that recently saw the Black Management Forum walk away from Business Unity South Africa (Busa), citing displeasure at the lack of transformation in the chamber and marginalization of black business, and accusing it of breaching good governance principles.
