Black economic empowerment
A R1-billion government incentive scheme aimed at developing black industrialists will help South
Africa achieve radical transformation of its economy, Trade and Industry Minister Rob Davies said
at the Black Industrialists Indaba held in Midrand this week.
Policies that help create black industrialists in townships and rural areas need to be the focus of the
newly appointed Black Economic Empowerment Council, President Jacob Zuma said at the council's
inaugural session held at Tuynhuys in Cape Town on Tuesday.
Help is at hand for emerging black South African filmmakers trying to break into the industry, in the form of a new fund that will bankroll the full R5-million production and marketing budget of six qualifying feature films a year for the next three years.
The government has set itself the target of procuring 75% of goods and services from South African producers as part of its drive to create a new class of black industrialists and entrepreneurs, says Deputy President Cyril Ramaphosa.
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