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'Businesses must embrace change, play their part to reverse poverty in SA'

Nkosazana Dlamini- Zuma says South Africa can only address poverty & inequality through radical economic transformation and changing institutions in favour of the poor.

ANC presidential hopeful Nkosazana Dlamini-Zuma was speaking at the Gibs Business School forum on the state of the country and the economy on 29 August 2017. Picture: Thando Kubheka/EWN

JOHANNESBURG - African National Congress (ANC) presidential hopeful Nkosazana-Dlamini-Zuma says South Africa needs a new national industrial revolution that will create jobs and stimulate economic growth.

Dlamini-Zuma was speaking at the Gibs Business School forum on the state of the country and the economy.

Dlamini-Zuma says South Africa can only address poverty and inequality through radical economic transformation and changing institutions in favour of the poor.

“And my view is that the status quo is dangerous to all of us. Therefore, we must embrace change.”

She says businesses must start embracing change and contributing to reverse the high levels of poverty in the country.

“And so, businesses must think what contribution they are going to make in eradicating poverty, inequalities and unemployment.”

Dlamini-Zuma says space must be created for new entrepreneurs, particularly those who are black and women.

(Edited by Zinhle Nkosi)