Parliament - The development and empowerment of black-owned businesses and industrialists will be in the spotlight as President Cyril Ramaphosa delivers his State of the Nation Address in Parliament on Thursday.
Ramaphosa also said that given the key role small businesses played in stimulating economic activity and employment - and in advancing broad-based empowerment - the government would this year expand on its small business incubation programme. Some industry professionals have come out saying that profitable black businesses that are making a positive impact economically in South Africa need to be protected.
“We expect the president to continue strengthening the Competition Commission and equip it with resources as it tries to break down the monopoly that exists we also expect him to announce more opportunities so that the township and rural economies can thrive going forward.”