The BBC commends President Ramaphosa for insisting that the DTIC is not allocated to the control of the DA

28 June 2024

The Black Business Council (BBC) commends President Ramaphosa for his bold and courageous leadership for insisting that the Department of Trade, Industry and Competition (dtic) is not allocated to the control of the Democratic Alliance (DA). The dtic houses all the instruments (e.g. BEE Commission, Competition Commission, IDC, National Empowerment Fund, etc) to implement socio-economic redress measures as per the SA Constitution. As such, it will not make sense at all, for the dtic to fall under people who are 110% opposed to economic transformation and who will deliberately continue to exclude and derail the economic transformation agenda.

The BBC also calls upon President Ramaphosa to expeditiously finalise the appointment and announcement of his executive team to enable and allow the country to focus on the challenging work of decisively addressing the imbalances of the past, increase the persistently low rate of economic growth, and in particular, tackle the triple challenges of poverty, unemployment and inequality, which have their roots in the Apartheid period, when the economy was deliberately structured as non-inclusive.

The BBC is fully behind President Ramaphosa and will continue to work with him. The BBC fully comprehends the fact that this is an unchartered terrain and a watershed moment that needs cool and matured heads to safeguard the future of South Africa.

The BBC furthermore urges all progressive South Africans to work with President Ramaphosa on taking the country forward.

Issued by Black Business Council, 28 June 2024