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National African Federated Chamber of Commerce and Industry (NAFCOC) would like to congratulate both the President and the new Ministers and Deputy Ministers appointed on the 5th of August 2021.We welcome the cabinet realignment by the President and the aim of improving on governance as we continue to support his efforts for a corruption free country.

We also welcome the new Minister of Finance Mr. Enoch Gondongwana who undoubtedly understands the plight of small businesses in any growing economies, we express full confidence in his capabilities to bring about measures to change the country’s economy into a positive trajectory.

NAFCOC especially looks forward to working with the new appointments in the Department of Small Business Development, we congratulate Minister Stella Ndabeni- Abrahams and Mr. Sdumo Dlamini as Deputy Minister , we welcome them and make an undertaking to work together with the Ministry to deliver on the promises made to small - medium enterprises in the recovery process after the hard-hitting challenges brought about by COVID-19, economic challenges, and the recent riots. The positive energy and youth perspective of Minister Stella Ndabeni – Abrahams should make her our pillar of hope and strength.

We also welcome the restructuring of the FDIs and hope the Ministry of Small Business will have more say together with NAFCOC on issues affecting black businesses on funding and resource support.
 

Issued by NAFCOC