By Johnathan Paoli
President Cyril Ramaphosa mounted a strong defence of South Africa’s transformation agenda, stressing that by focusing on growth that is inclusive, real progress could be made towards ensuring that the people share in the country’s wealth.
Addressing an audience of business leaders, government officials and representatives from across the economic spectrum during the Black Business Council (BBC) gala dinner at the Radisson Hotel and Convention Centre in Ekurhuleni, the president reiterated that transformation is not a cost to the economy, but an investment in its inclusive and sustainable growth.
“Transformation is vital if growth is to be meaningful and inclusive. We must dispense with the false choice between growth and transformation. Our task is to ensure we pursue both, in concert, with greater vigour and effect,” Ramaphosa said.
The gala dinner marked the conclusion of the BBC’s two-day annual summit, with Ramaphosa delivering a speech focused on
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