Government’s attempts to promote business formation as effective as a rain dance…

it would help more to combat crime effectively

Is the blind leading the blind when it comes to the promotion of black businesses? This question in my previous blog apparently ruffled a few feathers. Let us therefore compare the positive impact of Government strategies to stimulate business formation and the negative impact on business formation by Government’s failures in core governmental functions. Continue reading “Government’s attempts to promote business formation as effective as a rain dance…”

Is the promotion of Black Businesses done by the blind?

Government is pursuing numerous strategies to promote black owned businesses, e.g.:

  • The 80 Black Industrialists’ programme;
  • The Gazelles Programme (fast growing small enterprises that should increase their turnover and growth much faster than the market average);
  • The Cooperative Incentive Scheme;
  • Preferential procurement programmes;
  • BBBEE-measures effectively forcing large and medium-sized companies to subcontract to black owned businesses;
  • Sector Charters;
  • Grants and SEFA loans;
  • Land Reform and Restitution;
  • The Free State Provincial Grants Scheme and numerous other provincial initiatives,

and the list goes on and on… Continue reading “Is the promotion of Black Businesses done by the blind?”