By Thebe Mabanga
The National Empowerment Fund (NEF), an agency of the Department of Trade and Industry and Competition that funds black-owned businesses to help transform and grow the South African economy, has had to adapt and be innovative to survive and now aims to bolster youth and women-owned businesses
Its new CEO, Mzi Dayimani, believes that to win over sceptics, detractors and critics of Black Economic Empowerment (BEE) and transformation, the government must keep delivering positive results with the support of institutions like the NEF.
“The best way to silence critics is to deliver economic growth and jobs,” he says.
One of the latest sceptics is the World Bank, which in a recent report declared that South Africa needs to “ease up on BEE” and labour laws, suggesting these impose an added regulatory cost to doing business.
Dayimani merely sees this as a communication challenge.
“The World Bank is
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