The term Black Industrialists was coined to describe emerging businessmen and women who are doing something different to build the economy. South Africa’s government has a special National Development Plan focused on job creation and the Department of Trade and Industry sits at heart of it all.

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President Jacob Zuma says South Africa needs to produce more black industrialists as this will boost the country's economy.

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Championed by the President since its inception in 2015, the inaugural Black Industrialist and Exporters Conference will showcase the progress of government measures in promoting access and transformation to more black industrialists in the economy and the opportunities that the Africa Free Continental Trade Area offers. The programme has to date empowered over 800 black industrialists inclusive of new entrants, women and youth in competitive industries.

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President Cyril Ramaphosa says some economic gains have been made through an initiative aimed at creating black industrialists. Ramaphosa was speaking at the Black Industrialist and Exporters Conference yesterday. He's says that while there has been some headway made, the transformation efforts have been slow and weak.

Black Management Forum President, Andile Nomlala, elaborates.

Tune into Newzroom Afrika, DSTV channel 405, for more details.

Government says it has made enormous progress in transforming the skewed and racially-structured economy. Speaking at the inaugural Black Industrialist and Exporters conference, President Cyril Ramaphosa announced that there are now over 300-thousand black owned formal business in South Africa -- who own half of the SMMEs in the formal sector. This from around 150-thousand black-owned formal business in 1994.
Now let us get the latest on the conference we now cross to SABC News business anchor, Nompumelelo Siziba.

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The objective of the briefing is to provide details on the forthcoming Black Industrialists and Black Exporters Conference, scheduled to take place on 20 July 2022 at the Sandton Convention Centre. The Conference will be opened by HE President Cyril Ramaphosa.

The Conference will identify progress in transformation in the economy, and provide information on efforts to increase exports, growth and job creation by black industrialists. It will also feature an exhibitors ‘market-place’ with industrialists showcasing their products. The event will recognise excellence in business with Awards that will be given to business persons.

Among other objectives, the Black Industrialists and Exporters Conference will further highlight and showcase the importance of the Africa Free Continental Trade Area (AfCTA) in enhancing economic development and promoting intra-trade on the continent.

For the one question you would ask Black Like Me's founder, Herman Mashaba, @SOWETOBRANDS ‏asked, "What is your advice to black industrialists or upcoming entrepreneurs with the same passion as u?" This is what Mashaba had to say. Watch the full interview on Monday, 4 May on DSTV 410.

Hundreds of delegates have gathered in Johannesburg for an Indaba on the creation of black industrialists in the country. The two-day gathering is aimed at unpacking government's new programme to promote the ownership of the productive sectors of the economy by black South Africans.

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On this episode of Kicking Doors with Dj Sbu Leope we have Romeo Kumalo, a telecommunications expert, on his new trajectory and vision for transforming the ICT industry in Africa as well as supporting black industrialists.

The Deputy Minister of Trade and Industry, Ms Namalungelo Gina says Digital Transformation Programme for Black Industrialists will help a great deal in supporting Industrialists under the Department of Trade and Industry (the dti) programme to unlock their potential through digital transformation within their business in South Africa. Gina was speaking at the launch of the programme hosted in Mandeni, KwaZulu-Natal.

Gina said Microsoft South Africa has entered into partnership with the dti to help Black Industrialists into bridging this gap in running their businesses.

The Department of Trade and Industry and First National Bank have signed a pledge that will improve access to finance for Black Industrialists. This is aimed at fast-tracking accelerated economic transformation. The pledge was signed at a ceremony that was held in Johannesburg.

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Our business news anchor Nompumelelo Siziba is there.

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Lack of support facing emerging township business was the focus at the Black Industrialists and Exporters Conference in Sandton.
Panelists bemoaned the lack of clear policies to help emerging enterprises to tap into the lucrative township economy. Speakers also raised concerns about poor industrial sites in many townships, hampering their ability to grow.

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President Jacob Zuma has urged aspirant black industrialists to show vigour and determination to own the economy. The president today lamented the fact that the economy is still predominantly in white hands.
He was speaking at the inaugural Black Industrialist Indaba underway in Johannesburg.

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President Cyril Ramaphosa is today expected to officiate at the opening of the first Black Industrialists and Exporters Conference at the Sandton International Convention Centre in Johannesburg.
Championed by the President since its inception in 2015, the inaugural Black Industrialist and Exporters Conference seeks to showcase the progress of government measures in promoting access and transformation to more black industrialists in the economy. The conference will hold six high level panel discussions on Assessing the impact of Broad-based empowerment, Strengthening the impact of transformation as well as challenges and opportunities with financing black industrialists….
Our business news anchor, Nompumelelo Siziba joins us for an update


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Thabile Msibi is North West Secretary of Youth In Business South Africa. She joins us now on Zoom.

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