Black Business Council wants to create procurement opportunities for SMMEs

These measures are centred around ensuring that businesses owned by the youth, women and people living with disabilities become the centrepiece of this drive for economic revival.

Black Business Council CEO Kganki Matabane. Picture: Facebook.com.

Author: Tebogo Mokwena

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Black Business Council CEO Kganki Matabane has proposed several measures which he believes will lift the economy out of the doldrums, including more small businesses participating in procurement opportunities. These measures are centred around ensuring that businesses owned by the youth, women and people living with disabilities become the centrepiece of this drive for economic revival.

Matabane was speaking at the National Youth Development Agency’s (NYDA) Investment Roundtable on Wednesday. Matabane said the first measure focused on industrialisation and localisation. “We all know, and learned through Covid-19 that we end up looking for a simple thing like a mask because we have killed localisation and industrialisation,” he said.

“We are the biggest consumer of HIV medication, but we have no factory to produce medication, thereby indirectly creating jobs in China and India. Localisation and industrialisation in this instance become a theoretical exercise. “It is important that we localise because if the Russia and Ukraine war continues for a long time, we are going to run out of food,” he warned. Matabane said that the second measure related to procurement and allowing small enterprises to participate in procurement opportunities.

He said the country could do well to learn from its recent history, pointing out how the apartheid government used state-owned enterprises to deal with the issue of poor Afrikaners by helping set up many small but now well-established businesses. “Current legislation does not support the notion that we should set aside 40% procurement for youth and women-owned businesses,” he said. He furthermore encouraged the youth to participate in policy discussions so that it could be known what they wanted to see implemented in legislation.

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