david chapfika2  08-09-10.jpgWhile the nation braces itself for the 2011 budget to be announced by Finance Minister Tendai Biti this Thursday, the general sentiment among indigenous business people is that the budget should be a tool for supporting black economic empowerment.

 

Local business players are calling for Minister Biti to support the black economic empowerment drive currently underway by allocating significant amounts of money to previously disadvantaged black business people.

 

Citing the indigenisation policy as one of the most important government policies since independence, Affirmative Action Group Executive Director, Dr Davison Gomo has challenged government to put its money where its mouth is by promoting the entry of black people into business and capacitating existing firms.

 

“Government should put its money where its mouth is and the Finance minister should allocate funds to those who want to enter into business and those that are already in,” said Dr Gono.

 

Other business people also spoke on the need to boost the National Indigenisation and Economic Empowerment Fund to enable indigenous business people gain easy access to capital that can be used to acquire shares from foreign owned companies under the indigenisation policy.

 

National Indigenisation and Economic Empowerment Board Chairman, Cde David Chapfika said the Finance Minister has no option but to allocate adequate funding to show consistency with government’s indegenisation policy.

 

“The Finance Minister should allocate funds to indigenisation in line with the government mandate,” Cde Chapfika said.

 

The indigenisation drive seeks to empower the previously marginalised black majority and stakeholders say calls to give adequate funding to the sector should be heeded if the government is to redress past economic imbalances.