Thabo Mbeki Quotes About Empowerment

• You might indeed be able to provide this money that people need to start a business, but can they run a business? This new consolidated agency [National Empowerment Fund] focuses on that matter of preparing people so that they can run business successfully.

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  Thabo Mbeki

  Running   People  

  Source: www.gov.za

  4673

• What we are saying is that we need to consolidate the capacity to lend support. Because, one of the problems that's mentioned with regard to the Black Empowerment process in the case of small and medium business, is shortage of credit or difficulties of accessing credit.

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  Thabo Mbeki

  Black  

  Source: www.gov.za

  1705

• I think the critical point, really, is that we need to focus black economic empowerment more on the creation of new wealth rather than on these big deals that have been characteristic of this process in the past, of people going to banks, borrowing a lot of money, buying this and when the shares don't perform very well, the shares go back to the banks, because there's other people who own this anyway. I think we need to re-focus it so that it really does impact on growth, new investment, new employment and a general, better spread of wealth in South Africa.

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  Thabo Mbeki

  Thinking   Impact  

  SABC TV2 Interview, oldgov.gcis.gov.za. February 16, 2003.

  4361

• The parastatals are an important driver of the process of Black Economic Empowerment and they have been doing it, and will continue to do it.

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  Thabo Mbeki

  Black   Important  

  Source: www.gov.za

  795

• We can't treat the matter of black economic empowerment as just the redistribution of existing wealth. It really has to focus on new investment, on growth, on development of employment and so on and so on.

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  Thabo Mbeki

  Black  

  SABC TV2 Interview, oldgov.gcis.gov.za. February 16, 2003.

  2960

• The National Empowerment Fund we established some time back. And one of the challenges was to build a strong enough asset base for it to operate in a credible manner. And we believe that it can.

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  Thabo Mbeki

  Source: www.gov.za

  870

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