House Chairperson, the ACP, like everybody else, stands to support the amending Bill.
The Bill deals with a number of issues, like promoting access to finance for black businesses and especially co-operatives, but it is the clause that deals with fronting that we view as of particular importance. Because fronting undermines black economic empowerment, it perpetuates exclusion. We want to call upon the Minister to ensure that the commission envisaged by the Act is effective and efficient in terms of monitoring compliance and that action is taken against those who do not comply.
We believe that this Act is a vital cog in the struggle to transform the socioeconomic relations created under minority rule. Creating access to businesses for our people ensures that the fundamental objective of our struggle, as defined by Amilcar Cabral, which is not about ideas, but about ensuring that the material conditions of our people change, and that people derive benefits from the freedom that we have, is realised. I thank you.