NEF boss defends boutique funding, Jacarandafm.com – Jacaranda FM
National Empowerment Fund CEO Philisiwe Mthethwa has defended the decision to fund a high-end Johannesburg boutique, saying the retail sector needed transformation, The New Age reported on Thursday.
“The past four days has seen transformation put on trial, perhaps because some people do not see the need for women empowerment, perhaps because some do not see the need for transformation in the retail sector,” Mthethwa was quoted as saying.
She was reportedly speaking at a Black Business Council (BBC) conference in Midrand.
According to The New Age, she said the people who supported the retail sector in South Africa were black, yet the sector remained white, and more black people needed to participate on the business side.