FROM THE OFFICE OF THE PRESIDENT
PRESS RELEASE


TO: PRINT AND ELECTRONIC MEDIA HOUSES
FROM: SANDILE ZUNGU
DATE: 21 February 2019

SUBJECT: President Cyril Ramaphosa and Public Enterprises Minister Pravin
Gordhan to speak at the BBC’s 2019 Black Business Summit

The Black Business Council ‘s (BBC) two-day Black Business Summit from 28 February 2019 to 01 March 2019 will be graced by distinguished political heads such as President Cyril Ramaphosa, Ms Maite Nkoana-Mashabane, the Minister of Rural Development and Land Reform, Mr Pravin Gordhan, the Minister of Public Enterprises, Ms Mmamoloko "Nkhensani" Kubayi-Ngubane, the Minister of Science and Technology, Dr Bonginkosi "Blade" Nzimande, the Minister of Transport, Mr Paul Mashatile, the Treasurer General of the African National Council (ANC), Mr Mmusi Maimane, the Leader of the Democratic Alliance (DA), Mr Floyd Shivambu, the Deputy President of the Economic Freedom Fighters (EFF), whom are scheduled to deliver key note addresses based on the summit’s theme; Economic Transformation within the context of the 4th Industrial Revolution – A Catalyst for Inclusive Growth in the South African Economy.

The Fourth Industrial Revolution (4IR), which succeeds the digital revolution is characterised by the increased incorporation of technological advancements in everyday life and sets a course for unprecedented technological breakthroughs in the areas of artificial intelligence, robotics and the Internet of Things (IoT).

Even more consequential is the country’s readiness to embrace this revolutionary era which will forever change the country’s governance structure, productivity and commercialisation. It is with this impetus that the BBC has strategically positioned this mainstay event on the backdrop of both the State of Nation Address (SONA) and budget speech where our political and business leaders can engage in purposeful dialogue to determine the country’s position at the brink of the 4IR and to explore new possibilities that safeguard that this new era will spearhead Inclusive Growth in the South African Economy.

Among his key speaking notes President Ramaphosa will articulate government’s view on the role of Black Industrialists; energy; state procurement; the impact of corruption on the economy; land reform; government reform and lastly the condition of State-owned Enterprises (SOEs) such as Eskom, the SABC, Denel and SAA.

“The 2019 Black Business Summit will afford all interested stakeholders wishing to be part of this bespoke event the opportunity to address the opportunities and weaknesses presented both in the SONA and budget speech in the context of 4IR,” says BBC President Sandile Zungu.

“The coming together of government, the public and private sectors as well as business represents the BBC’s ethos of creating pertinent dialogue on a matter which has been heavily debated and to explore avenues of how this new technological inspired era can drive transformation and job creation in our country.”

“The Black Business Summit is a call to business to participate in this unequalled platform which serves as an extension of our vision and advocacy of economic transformation and accelerated black participation in our economy,” concluded the BBC President.

The two-day Black Business Summit will take place at the Eskom Academy of Learning in Midrand from 28 February 2019 to 1 March 2019 culminating in a Gala Dinner to be addressed by President Cyril Ramaphosa.

About the Black Business Council

The Black Business Council (BBC) is the over-arching confederation that represents black professional, business associations and chambers. The primary purpose of the BBC is to lobby government on policy related matters and to play an advocacy role where policies are in place in order to accelerate the participation of black business in the mainstream economy.

ENDS

About the Black Business Council

The Black Business Council (BBC) is the over-arching confederation that represents black professional, business associations and chambers. The primary purpose of the BBC is to lobby government on policy related matters and to play an advocacy role where policies are in place in order to accelerate the participation of black business in the mainstream economy.