The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
South African President Cyril Ramaphosa appointed 14 people to a Black economic-empowerment council that will advise the government on intensified transformation of the economy.
The Broad-Based Black Economic Empowerment Advisory Council’s members will include Black Business Council Chief Executive Officer Kganki Matabane and Black businesswoman Gloria Serobe, the presidency said in a statement.
The body is being established because of inadequate progress in some measures of improving Black involvement in the economy almost three decades after the end of apartheid, Ramaphosa said
in his weekly letter to the
nation.
The president highlighted Black management control, broadening procurement and skills development as areas that need attention.