Source: Department of Labour
Title: M Mdladlana: BankSeta second International Conference
OPENING ADDRESS BY THE HONOURABLE MINISTER OF LABOUR, MP, MEMBATHISI MDLADLANA, AT THE 2ND BANKSETA INTERNATIONAL CONFERENCE, 7 October 2004
The Programme Director
The Commissioner of the SA Revenue Service, Mr Pravin Gordham
The CEO of Telkom, Mr Sizwe Nxasane
The Chairman of BANKSETA, Mr Ben Venter
The Chairperson of the National Skills Authority, Dr. Danisa Baloyi
The CEO of BANKSETA, Mr Frank Groenewald
Distinguished guests
Colleagues and Comrades
I want to start by commending the BANKSETA for showing leadership in transformation. I am particularly pleased by the acknowledgement that, without transformation, our prospects for sustainable business growth will surely be limited. Black people constitute nearly 80% of the population, and wield enormous economic potential.
Increase their spending power, and you massively increase the economy of this country. Under such a scenario, growth becomes a self-propelling phenomenon.
If we accept this as truth, the inevitable question must be ,
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