Zuma: Government is committed to transforming SA economy

Zuma said some of the policies geared at transforming the ownership of the economy include BBBEE laws.

President Jacob Zuma. Picture: GCIS.

JOHANNESBURG - President Jacob Zuma says government continues to implement its policies aimed at radically transforming the economic landscape of South Africa, including changing the patterns of ownership of the economy.

The president was speaking at the Black Business Pioneers Gala Dinner at the Sandton Convention Centre last night.

The event was held as a tribute to black pioneers and entrepreneurs who made black business possible during apartheid and under harsh conditions.

The president said some of the policies geared at transforming the ownership of the economy include Broad Based Black Economic Empowerment laws.

"Through the public sector procurement system government spends in the region of R500 billion on goods and services and construction work alone."