Black people remain at the periphery of the economy.
He says black economic empowerment has failed because government ineptitude meant implementation had been left largely to white-dominated private enterprise. The government started many initiatives but quite often the right hand did not know that the left was doing. Black economic empowerment has been implemented in an inadequate way. Ramaphosa is heading a special commission on black economic empowerment that will report to President Thabo Mbeki in October, and he proposed a new Black Economic Empowerment Act, which would provide guidelines to public and private sectors. The act should create a National Empowerment Commission, a National Procurement Agency and a National Empowerment Funding Agency, he says.