Some light on state funding, THE NEW AGE, The Think Section
Some light on state funding, THE NEW AGE, The Think Section
THERE seems to be a knee-jerk response whenever it comes to state funding and issues related to transformation and black economic empowerment. The furore surrounding the National Empowerment Fund's financing of a luxury Johannesburg boutique called Luminance is a case in point. Criticism of the NEF's R34m investment in the project seems to be based on a number of superficial suppositions. First, it is probably wrongly assumed the application submitted by media personality Khanyi Dhlomo, her mother Venetia and businesswoman Judy Dhlamini had no merit. Second, it is assumed that the members of the NEF's vetting committee did not properly apply their minds and were reckless in their allocation of taxpayers' money. With regards to the latter, there is often an element of racism which can be crudely defined as an automatic assumption that people or institutions involved in funding black economic transformation are, by nature, corrupt and don't operate on business principles.
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