Eskom in quota plan
THE Black Business Council has revealed that Eskom has agreed to consider setting aside 50% of its procurement budget in favour of black business.
Should this materialise, black business will be in a good position to cash in on the parastatal's multibillion-rand infrastructure development project.
BBC president Ndaba Ntsele said: "Such a deal will give us an opportunity to hunt in packs as black business."
The financial report of the parastatal shows that Eskom's total procurement budget stood at R90-billion.
Ntsele commended Eskom, the Public Investment Corporation and the Industrial Development Corporation as the state entities that have shown willingness to empower black businesses.
No mention, however, was made of the Passenger Rail Agency of South Africa (Prasa), which has been at loggerheads with black business on how it aims to implement empowerment for the rolling stock fleet programme, which is worth R120-billion.
Prasa is expected to announce details on Wednesday.
Ntsele called for a rethink on how empowerment is conducted, saying the council no longer wants to see black businesses partnering with established corporates when vying for state tenders, and proposed a ministry of small business.
"We want black business to bid and win government on its own."