The Black Industrialist Programme

 Held live, virtual on 14 June 2022, 10:00AM-13:00PM on the Parliament of the Republic of South Africa YouTube Page, We have seen multiple of fails on the ever so glamorized B-BBEE in South Africa where capital and funds do not do justice in the kind of work that will not only better the economy, but create a huge space for jobs in the economic sector. Hosted and briefed by the DTIC and the Industrial Development Corporation (IDC) discussing agencies and implementation that will further fund most black industries. In the most recent years, capitalisms has changed in flexible ways, when/ if I may take it from the apartheid years that reigned for 43 years, the force of economy was one sided, where the minority were the ones owning and managing businesses and it's structures and abilities more than the majority of the country's population was enslaved or devalued especially in work environments , after democracy, a slow progression of changing the ownership and circulation of economy encounter, leading up to the recent years from 2017 and above. Countless measures have been pit in place, especially for black entrepreneurs that own black businesses across South Africa that we have seen take a difference on financial indicators, but a lot of times the people who are the ones to give financial aid to the small black business would get caught in the act of corruption and using government resources to maintain their lifestyles. 

The DTIC underway has implemented factors that will deal with a new leaf of improving the economic state of small black owned businesses which I am an advocate if. I this live presentation, factors there were focused on including: CONTEXT, BRAD IMPACT OF FUNDING AND TRANSFORMATION WORK, CASE STUDIES AND OBSERVATIONS AND CONCLUSIONS.

According to the DTIC (2022): "Economic transformation is wide than B-BBEE policies and embraces a number of elements, including: transforming the structure of the economy to grow faster and more inclusively e.g. by addressing high levels of market concentration including through competition policies" (DTIC, 2022). 

This comes from the high market pf online shopping, Covid-19 has caused a lot of people to depend on living online, which was a no stranger to business, especially small black owned business that does not have the resources of going online, what the DTIC can actually do is concentrate the funding process to online as this will be part of the transformation work that broadens the base of entrepreneurship and promote fairness. A lot of businesses are online especially those that are established, the small business and substance economic gains. Tsholofelo who was spearing the presentation states: "A concentrated economy that tends to exclude a lot more people because only a few hands are in the driving seat in as far as productive capacity is concerned". In addition to what Tsholofelo has said , a lot of times government sectors that fund business to grow the economic sector usually concentrate on only one sector that they will be beneficial in contributing to the country's GDP , when they should be allocating all financial resource across all sectors of business and companies around the country regardless of also focusing on capital cities of the country, they can do distributions and its easier to find and locate most of these businesses that need help because every business should be registered with the (CIPC), Companies and Intellectual Property Commission first so that as a business owner that needs funding, you can qualify when your name pops up . During the presentation, there were 3 points that title 'evolution of implementation of empowerment', 'firstly, it is about redress to deal with the history of exclusion and the legacy it has left', "Secondly, it lays the foundations for deeper growth through greater economic inclusion that widens the talent pool of enterprise drama from Black South Africans, women and young people"