Share

Black business forms rival to Busa

Johannesburg -  Black business will be a part of Business Unity SA (Busa) only if its grievances are resolved, the newly-formed Black Business Council (BBC) said on Wednesday.

"The future of Busa and the future participation of black business in Busa is dependent on the degree to which legitimate grievances and complaints are addressed," BBC steering committee chairperson Patrice Motsepe said.

Earlier this month, a black business summit decided to resurrect the BBC to unify black business. Busa itself was formed in 2003 through a merger between the then-BBC and Business SA.

The summit was convened after the Black Management Forum withdrew from Busa in July. It said Busa's structure was fundamentally flawed, with the voice of black business "permanently outnumbered and suppressed".

The BBC has suspended its participation in Busa, but spokesperson Sandile Zungu said it had not withdrawn completely and wanted to negotiate with Busa.

The BBC also planned to meet the government and various labour, women's and youth organisations as well as other interested parties to discuss issues such as job creation, poverty alleviation and black economic empowerment policies.

Billionaire Motsepe said it was a mistake to disband the BBC when Busa was formed.

"I was convinced we had structured Busa so that the blacks were in control; it was going to be our Busa, with a non-negotiable agenda to bring blacks to the centre," he said.

"We failed to understand that black business has not got resources."

He said the BBC was not formed as an entity to fight Busa. It was "to bring together the complaints and frustrations of blacks so that within Busa they can become... a successful voice and make sure problems unique to black business and professionals are addressed in a meaningful sense", Motsepe said.
 
         
    

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.90
+0.2%
Rand - Pound
23.85
+0.2%
Rand - Euro
20.39
+0.2%
Rand - Aus dollar
12.32
+0.2%
Rand - Yen
0.12
+0.2%
Platinum
908.05
0.0%
Palladium
1,014.94
0.0%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders