Black industrialisation needs a financing floor, not a ceiling
South Africa’s industrial policy debate often revolves around targets – ownership thresholds, localisation quotas, supplier development metrics and transformation scorecards. These are the ceilings of the system: visible, measurable and politically resonant. What receives far less attention is the floor. According to Thabo Moodie, chief operations officer at Oricred, the recurring fragility of Black industrial…