The National African Federated Chamber of Commerce and Industry (NAFCOC) is a federated chamber. It was established in 1964 by black traders in Soweto. NAFCOC’s founding fathers include some of South Africa’s black business luminaries such as Dr Richard Maponya, Dr Sam Motseunyane , Bigvai Masekela and S.Z Conco. It is one of the largest business chambers in South Africa with representation in all 9 provinces of South Africa and NAFCOC KZN represents it in the KwaZulu Natal Province.
To be the leading voice of business in South Africa.
To develop and promote economic growth amongst existing and new businesses.
We believe in empowering businesses, especially those from previously disadvantaged groupings through our work and programmes that focus at creating strong local economies that can sustain local communities and ensure their self sustenance and dependence.
Is to promote and encourage the development of black business, encourage a spirit of cooperation and unity among black business people and promote the full participation of the black majority in the economy of South Africa. And with over 156 000 members across the spectrum of business, NAFCOC is a powerful voice for black business.
Opposed the past government on a plethora of laws that marginalised the black community.
Adopted the call for sanctions to bring about pressure for change in the country.
Developed its 3-4-5-6 policy in 1990 to address fundamental requirements for Black Economic Empowerment (BEE) legislation – related to directors, shareholding, management and outsourcing.
Developed key policy documents that were widely disseminated: Land Policy; Economic Policy; Barriers to Entry to Trade; Investment Climate.
Undertook one of the first meetings with the ANC-in-exile to address the future of the country.