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Quote by Thabo Mbeki

“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.”

Quote by Thabo Mbeki

Author

Thabo Mbeki is a prominent South African politician who served as the President of South Africa from 1999 to 2008. He dedicated his political career to promoting democracy and economic development in South Africa and actively participated in African continental political affairs. more

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“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.”

Believe Enough Strong Challenges Empowerment Fund Assets Strong Enough Credible

Author:Thabo Mbeki

“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.”

Needs Problem Process Black Cases Support Capacity Empowerment Difficulty Regard Credit Mediums Shortage

Author:Thabo Mbeki

“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.”

People Needs Matter Might Running Able Empowerment Agency Fund Preparing

Author:Thabo Mbeki

“If you look at the Company Register, maybe that's what we should say to that business consultant or analyst. If you look at the Company Register with the Department of Trade and Industry, one of the remarkable things that you will see over the last few years is, in fact, the growth of small and medium business, many of whom depend on these services to succeed.”

Ifs Should Years Looks Facts Lasts Growth Company Depends Industry Succeed Trade Mediums Department Remarkable Register Analysts Consultants

Author:Thabo Mbeki

“We need to increase the capacity; we need to improve performance so that we are more effective at lending that kind of support.”

Needs Kind Support Capacity Performances Increase Lending

Author:Thabo Mbeki

“There are two pieces of legislation that are related. There's the Communal Land Rights Bill. Then there is the legislation that was approved which has to do with the role and the place and the function of the institution of traditional leadership. Now that legislation, not the Communal Land Rights Bill, provides for the setting up of particular committees that would work together with the elected municipalities.”

Two Together Roles Pieces Rights Land Particular Function Institutions Bills Setting Traditional Settings Related Working Together Committees Legislation Approved Municipality

Author:Thabo Mbeki

“The Communal Land Rights Bill then said, since there would be those collectives set up in terms of the other legislation, there was no need for them to set up other structures to deal with the land issues.”

Needs Said Would Be Term Deals Issues Rights Land Bills Structure Collectives Legislation

Author:Thabo Mbeki

“I don't know why women would think they would be underrepresented in that 40 per cent, and I do not know why they think they would be underrepresented in that 60 per cent either. Because, any community that has their traditional leader in the area, one would expect that, among the people, they would want to ensure that this committee, that 60%, is properly representative.”

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Author:Thabo Mbeki

“I think that part of the problem that arose with that legislation, is that there probably wasn't sufficient information - probably there was misinformation. I am not sure that they have looked at the legislation.”

Thinking Problem Information Not Sure Sufficient Legislation Misinformation

Author:Thabo Mbeki

“Part of the issue around communal land, which became a matter of controversy, is that we are saying that this land must go back to communities. Not chiefs and traditional leaders.”

Matter Community Leader Issues Land Traditional Chiefs Controversy

Author:Thabo Mbeki