Delay In Gnu Finalisation Poses A Risk For Black Businesses: Bbf

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delay in gnu finalisation poses a risk for black businesses bbf

The Black Business Federation (BBF) says the delay in finalising the Government of National Unity (GNU) poses a significant economic risk for black businesses.

Ten days have lapsed since President Cyril Ramaphosa was inaugurated for a second term, and the new Cabinet that forms the GNU has yet to be announced.

The Federation says in a statement that the public e xchange of letters between the DA and the ANC is also adding to investor uncertainty .

The BBF has further urged President Cyril Ramaphosa to appoint visionaries to the ministries of Trade and Industry and Small Business.

The Federation says the current uncertainty poses a risk, particularly to black South Africans, many of whom rely on small businesses for their livelihoods.