Fraud accusations undermine ethical black businesses

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It is important that we change the narrative that all black businesses are corrupt, writes Fay Mukaddam

19 January 2021 - 16:08Living in SA in the past few years has often felt like one long, rolling commission of inquiry as we sort through the legal aftermath of the Zuma years and attempt to define a way forward for the country.

Through successive commissions of inquiry we have seen quality black-owned business fall victim to unsubstantiated and damaging claims, devoting energy and resources to defending themselves that would be better used in unlocking economic growth and the transformation of our economy. This abuse of public platforms is again rearing its ugly head, disguised as a crusade against corruption and maladministration at the Development Bank of Southern Africa, an institution charged with spearheading the country’s multibillion-rand infrastructure rollout programme to steer us out of the Covid-19-induced economic malaise.

Building capacity in this vital pillar of society will be key to how our democracy survives and flourishes. We need robust sources we can trust, and that will require investment in training and resources. That also means we will need to pay for quality journalism.

 

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