Black Business Council praises Ramaphosa for rejecting DA demands

Johnathan Paoli

THE Black Business Council (BBC) has commended President Cyril Ramaphosa for refusing to give the DA the position of Minister of Trade, Industry and Competition.

BBC CEO Kganki Matabane on Friday said the department housed all instruments responsible for transformation, including the Black Economic Empowerment commission, the Competition Commission, National Empower Fund, which needed to be protected.

“It will not make sense at all, for the department to fall under people who are 110% opposed to economic transformation and who will deliberately continue to exclude and derail the economic transformation agenda,” Matabane said.

Matabane further called on the President to expeditiously finalise the appointment of the Cabinet and announcement of his executive team to enable and allow the country to focus on decisively addressing the imbalances of the past.

He said the President had a responsibility to increase the persistently low rate of economic growth