Union Solidarity is appealing against a high court ruling allowing the tourism department to use BEE as a consideration when handing out state relief funding
The government needs to support all enterprises in its Covid-19 relief funding, regardless of the race, finance minister Tito Mboweni said on Tuesday.I think that we need to support all enterprises, black and white, as long as they are able to remain viable to support our people, create jobs, Mboweni told parliament’s two finance committees regarding the Treasury's strategic and annual performance plans.
Mboweni told him he was sure he was wrong and that he had misunderstood the position but would discuss the issue of the tourism relief fund with minister Mmamoloko Kubayi-Ngubane. “There is no doubt, in my view, that the opening of the economy is urgent but this urgency must be tempered by the need to protect the lives of our people. We need to have a balance — it is not an either-or situation.”
Mboweni said that he was no longer interested in funding dysfunctional state-owned enterprises, though he fully supported functional ones such asHe was in favour of arms manufacturer Denel getting help but it needed to get its business case operating properly, he said. The company supplied both the domestic and international markets and had the capacity to assist in the transformation of the military-industrial complex.
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