Nafcoc needs to chart a way forward for finding a way to create the black industrialists espoused by Zuma, writes Phakamisa Ndzamela THE National African Chamber of Commerce and Industry (Nafcoc) — of Richard Maponya, the late Bigvai Masekela, Sam Motsuenyane, Archie Nkonyeni, Joe Hlongwane, Patrice Motsepe, et al — marks its 50th anniversary this week.In the tough times during apartheid, Nafcoc moved to set up businesses and became the epitome of what black entrepreneurship could be. By building businesses, it arguably distinguished itself from some of the passive-investing and rent-seeking black capitalists that have characterised post-1994 SA.Nafcoc, established as the National African Chamber of Commerce in Orlando East in 1964, was set up to fight restrictions faced by black business and to speak to the government of the day with one voice.As a fighter for the creation of solid black businesses, Nafcoc was key in establishing businesses such as African Bank in 1975, black-owned...
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