Understanding policies underpinning the creation of black industrialists

| 0 Comments

 

MsMaisela.jpgBlack industrialists have a responsibility to maintain black ownership of their businesses. Failure to do so can set back government’s transformation efforts.

As a black industrialist it means that one has to be involved in the running of the business on daily basis and according to the BEE act, a black industrialist cannot sell/resell shares to a white counterpart as that would be diluting those [black ownership] shares,” said Nomumelelo Maisela, Deputy Director: Black industrialist, Department of Trade and Industry (dti).

“That particular act regresses government and takes it back in terms of transformation,” said Maisela who was speaking at the Smart Procurement World conference in KwaZulu Natal in June.

The term “black industrialist” describes a black person, or a group of black people, as defined by the Broad-Based Black Economic Empowerment (B-BBEE) act that owns and adds value to a company and who is fully committed in the long term to providing strategic leadership and operational guidance to the business on daily basis, explained Maisela.
 
When government approved of black industrialisation policy in November of 2015, its main objective was to resuscitate the economy of South Africa, with a focus of a targeted intervention.

Government has assured black industrialists that partnerships with the private sector are in place and they will have access to markets both nationally and internationally, will be able to leverage off of international relations and make trade agreements with international countries. In this way government seeks to provide black industrialists with multiple pathways for networking.

The Black Industrialists Policy advices black business owners to venture into sectors related to industrialisation policy plan. As well as within the manufacturing industry and to enter into sectors that they have experience in or surround themselves with people who have technical expertise in the field they have chosen to do business in.

Targeted sectors that the dti speaks to include; such entities should be operating in the manufacturing sectors in line with the industrial policy action plan industrialisation path as follows:

•   Blue ocean economy
•   Oil and gas
•   Clean technology and energy
•   Minerals
•   Agro processing

Industrial infrastructure

Industrial infrastructure refers to black industrialists who are keen to build up factories, provided that they have land and the government will come in and support with electricity, water, communication cables such as telephones, information communication technology. Lastly provide with capital, access to market and non-financial initiative.

The dti is further championing engagements with private sectors to:

•   negotiate off-take agreements, enterprise and supplier development to empower BIs.
•   facilitate localisation and transformation of SOC’s supplier base;
•   create linkages with other institutions to enhance synergies.
•   All these initiatives will be done with a view of BIs becomingglobally competitive

With regards to non-financial initiative, government has ensured black industrialists that there is a portal available to market them through foreign economic representatives for global market,plus the development financial institution has put aside funding to support this programme.
 

Leave a comment


 

 

Career opportunites

Tutor and Coordinator

  • Gauteng Operations, Planning & Inventory Permanent Procurement Management Supplier / Business Development
Purpose of the job: To plan, coach, advise

Commodity Manager

  • <500 000 Commodities Gauteng Procurement Management
Are you a Commodity Manager looking for the

Supply Chain Professional

  • <500 000 Gauteng Procurement Management Supply Chain
I specialize in placing professionals in the Supply

Supply Planning

  • <500 000 Gauteng Operations, Planning & Inventory Supply Chain
Seeking dynamic candidates to take to the market

Industrial Engineer

  • <500 000 Gauteng Industrial Engineer Procurement Consultant
Are you an Industrial Engineer looking to make

Logistics Manager

  • >500 000 Gauteng Logistics & Warehousing Supply Chain
Seeking vibrant industry specific individuals seeking new opportunities

Operations Manager

  • <500 000 Gauteng Operations, Planning & Inventory Procurement Management
Looking for an Operations Manager to take into

Supply Chain Systems Administrator

  • >500 000 Gauteng Procurement Management Strategic Sourcing Supply Chain
One of South Africa's leading, mining companies is

Logistics Manager

  • <500 000 Gauteng Logistics & Warehousing Procurement Management
Are you an experienced Logistics Manager looking for

Continuous Improvement Manager

  • >500 000 Gauteng Procurement Management Supply Chain
I specialize in placing professionals in the Supply

Warehouse Assistant

  • <500 000 Gauteng Logistics & Warehousing Operations, Planning & Inventory
I am currently looking for ambitious Demand Planner,

Internal Procurement Officer

  • <500 000 Gauteng Permanent Procurement Officer / Specialist Strategic Sourcing
Position Available: Internal Procurement Officer Status : New ...More

Supply Chain Officer

  • <500 000 Gauteng Procurement Officer / Specialist Supply Chain
Seeking dynamic candidates to take to the market

Supply Chain Planner

  • <500 000 Free State Operations, Planning & Inventory Supply Chain
Seeking dynamic candidates to take to the market

Senior Buyer

  • >500 000 Buyer Gauteng Procurement Management
Tech-Pro specialises in placing professionals in the Supply

Industrial Engineer

  • <500 000 Gauteng Industrial Engineer
Tech-Pro specialises in placing professionals in the Supply

Warehouse Manager

  • >500 000 Gauteng Logistics & Warehousing Operations, Planning & Inventory Supply Chain
Seeking hands on individuals that come from an

Manufacturing Purchasing Specialist

  • >500 000 Procurement Officer / Specialist Supply Chain Western Cape
A leading auto manufacture company based in Cape

Procurement Sourcing Specialist

  • <500 000 Gauteng Procurement Consultant Strategic Sourcing
A Leader in the Supply Chain industry is

Planning Manager

  • >500 000 Gauteng Operations, Planning & Inventory Procurement Management
Looking for Planning Managers to take into the