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black business council

south africa economy
Business

The Evolution of South Africa’s Economy: A Retelling by Cyril Ramaphosa

by Kagiso Petersen
April 30, 2024

In his keynote speech at the 2024 Black Business Council Gala Dinner, South African President Cyril Ramaphosa shares an insightful and enthralling account of the country’s economic transformation. He highlights the expansion of blackowned businesses since his administration took power in 2019 and pays tribute to the late Dr. Sam Motsuenyane’s significant contribution to economic transformation. Ramaphosa acknowledges the challenges that remain, including high unemployment, energy issues, and poverty, but celebrates the success of black businesses and the government’s commitment to economic progress.

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