Ramaphosa praises R261 billion support for Black-owned companies
(005875.811-:E-000062.43:N-AC:R-SU:C-30:V)
South African President Cyril Ramaphosa said pledges to procure goods and services from Black-owned companies worth R261 billion would spur transformation in the economy.
“We are seeing real support from established businesses for black industrialists. This helps to build an ecosystem of suppliers, creating more dynamism in the market,” Ramaphosa told a conference in Johannesburg on Wednesday.
The promises cover procurement plans over the next five years.
Facing elections on 29 May in which his ruling ANC risks losing its majority for the first time since 1994, Ramaphosa must show he’s taking steps to support Black businesses in a nation blighted by racial inequality and high unemployment.
The largest pledge came from the retail, clothing and footwear sector — a key South African employer in the country — which pledged R80 billion.
“The whole economy, in the end, benefits from the growth of black-owned businesses,” Ramaphosa said.
“This will go a really long way in fostering economic inclusion and transforming our economy.”
source:https://dailyinvestor.com/south-africa/47503/ramaphosa-praises-r261-billion-support-for-black-owned-companies/
Dr William Pierces greatest quote: The Destiny of the Race
Dr William Pierce said many great and deep things. But the quote that really hits me in the pit of my stomach is this one.
Video: Keeping Whites DOWN: Scientific & Historic FACTS that have to be HIDDEN from Whites
This is a very important video that I put a tremendous amount of effort into. I wanted to summarize scientific and historic facts from 40,000 Years of the history of the European (White) race. This is the story of where we come from and how we came to be what we are, and why we are awesome. We look at thousands of years of the effort of our ancestors.
White Shop: Beautiful Colour Painting of King Tiger Tanks
This is a great colour painting of a King Tiger driving past in review of other massed ranks of other King Tigers lined in rank.