State’s plan to create 100 black industrialists, Citypress.co.za – City Press
Economic transformation in South Africa is driven by BEE and by the Public Investment Corporation, the Development Bank of Southern Africa, the Industrial Development Corporation (IDC) and the National Empowerment Fund (NEF).
But the department of trade and industry (the dtic), unhappy that empowerment has been slow, believes its creation of 100 black industrialists will change the face of South Africa’s economy.
Its strategy is more or less that of a private equity investor excluding the actual equity investment. It plans to help companies grow through financial and nonfinancial support, after which they will list on the stock exchange.