ESD can speed up development of black businesses
Of all the pillars of black economic empowerment, enterprise and supplier development (ESD) provides the best hope of launching thousands of marginalised black entrepreneurs into the upper echelons of the South African economy.
The idea behind ESD is to train black business owners to be competent in running their enterprises sustainably. Once this has been achieved, these businesses are plugged into the supply chains of large, white-controlled corporates to supply goods and services, thereby opening markets previously closed to them.
If Trump’s “America First” policy hits China, Africa will feel the pinch
“Every decision on trade, on taxes, on immigration, on foreign affairs, will be made to benefit American workers and American families. We must protect our borders from the ravages of other countries making our products, stealing our companies, and destroying our jobs. Protection will lead to great prosperity and strength.”
With these unsettling words in his inauguration speech last month, U.S. President Donald Trump announced the arrival of the “America First” policy, an attempt by the world’s richest economy to reincarnate its manufacturing prowess by turning itself into an inward-looking fortress that protects its companies and workers from foreign economic competition.