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The project, they argued, would allow South Africa to diversify its energy sector, move away from coal-based energy production and boost economic growth.But soon questions were raised about who this large-scale industrial project would ultimately benefit. Allegations have been made that public participation was being sidelined and that interested parties were colluding with the Russian government.
The controversial nuclear programme is just one example of the many economic policies that have shaped South Africa’s development along a clearly neocolonial path. Twenty-three years after the collapse of the apartheid regime, the country is clearly still in need of a wider decolonisation project to counter colonial economic legacy.
African Cardinal: Affirmative Action Is ‘Racial Discrimination’ Like Apartheid
7 Mar 2021
South African Cardinal Wilfrid Fox Napier slammed preferential “Black Economic Empowerment” as “racial discrimination” Sunday, saying such favoritism smacks of apartheid.
Cardinal Napier, the archbishop of Durban, wrote on Twitter that Affirmative Action, Black Economic Empowerment and even Broad-Based Black Economic Empowerment are all forms of racial discrimination “on a par with apartheid policies” that also favored another group by race.
The cardinal put his assertion in the form of a “Lenten Resolution”: to give up on trying to figure out how preferential treatment for blacks based on skin color can be anything other than discrimination.
Ramaphosa s master plan looks to pluck small poultry businesses out of the doldrums news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
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Long-term solutions tackling the lack of diversity, equity and inclusion in the travel industry, particularly in the U.S. and Europe, have been surfacing over the past eight months since last summer’s global racial protests, albeit at a snail’s pace.
On the other side of the Atlantic, one destination is creating change where it’s least expected: at the top. In a bold move that has startled its tourism industry, which continues to reel from Covid’s impact, South Africa’s government this month opened an $82 million “Tourism Equity Fund” to provide capital through a combination of debt finance, concessional loans and grants to qualifying new or existing tourism and hospitality projects that are at least 51 percent Black South African-owned and controlled.
Black business group defends tourism equity fund 17 February 2021 - 12:28 Image: Finacial Mail
The Black Business Council (BBC) has expressed its full support for the creation of tourism equity fund which is meant to fund commercially viable and sustainable majority black owned businesses in the tourism sector.
President Cyril Ramaphosa officially launched the Tourism Equity Fund (TEF) last month to provide a combination of grant funding, concessionary loans and debt finance to support equity acquisitions as well as new and expansion developments in the tourism sector by black entrepreneurs.
The fund was set up in partnership with the Small Enterprise Finance Agency (SEFA), an entity of the department of small business development. Its primary goal is to fund commercially viable and sustainable majority black-owned (minimum 51%) tourism enterprises including enterprises in rural areas and townships, and also to alleviate poverty, inequality and grow black-co