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Eskom’s business model is ‘no longer fit for purpose’

By: Terence Creamer     17th November 2017 Organised business made an impassioned plea this week for government to urgently review Eskom’s business model, which it said was “no longer fit for purpose”. In a presentation to the National Energy Regulator of South Africa, business also warned that, in the absence of a holistic view within... 

SAB entrepreneurship for employment initiative welcomed

     17th November 2017 Business Unity South Africa (Busa) has welcomed South African Breweries (SAB’s) entrepreneurship campaign aimed at enabling South African entrepreneurs to create 10 000 jobs by 2021. 

Gigaba’s maiden MTBPS receives mixed reviews

By: Sane Dhlamini     26th October 2017 Finance Minister Malusi Gigaba’s maiden Medium-Term Budget Policy Statement (MTBPS) has received mixed reactions, with many organisations calling out its lack of attention to detail. Gigaba MTBPS was delayed by Economic Freedom Fighters MPs who objected to him delivering the budget on the basis... 

Busa backs Cosatu’s anti-corruption, anti-State capture stance

By: Natasha Odendaal     26th September 2017 Business Unity South Africa (Busa) on Tuesday backed the Congress of South African Trade Union’s (Cosatu’s) calls against State capture and corruption; but distanced itself from the protest action due to be held on Wednesday. Cosatu and its members plan to embark on a legal national strike to... 

Tariff push-back

By: Terence Creamer     22nd September 2017 The National Energy Regulator of South Africa (Nersa) has outlined the process it will be following to assess Eskom’s request for a 19.9% tariff increase for the 2018/19 financial year, setting a deadline of October 13 for the submission of written comments. Nersa has approved Eskom’s request to... 

Stakeholders to push back at upcoming hearings into Eskom’s 2018 hike 

By: Terence Creamer     14th September 2017 The National Energy Regulator of South Africa (Nersa) has outlined the process it will be following to assess Eskom’s request for a 19.9% tariff increase for the 2018/19 financial year, setting a deadline of October 13 for the submission of written comments. Nersa has approved Eskom’s request to... 

Eskom at a sustainability ‘tipping point’, business and labour warn

By: Terence Creamer     8th September 2017 Business and labour raised serious questions on Friday about the sustainability of State-owned electricity producer Eskom in light if its current governance failings, which were now undermining its financial health to the point where government could be force to assist the utility in meeting its... 

Busa’s Mabuza receives honourary doctorate from Wits

By: Megan van Wyngaardt     5th July 2017 The University of Witwatersrand (Wits) on Wednesday awarded local business leader and entrepreneur Dr Jabu Mabuza an Honourary Doctorate in recognition of his achievements in entrepreneurship and contribution to the growth of the South African economy. Besides being president of Business Unity... 

Busa outlines vision for deracialised economy as it makes transformation mea culpa

By: Terence Creamer     27th June 2017 Business Unity South Africa (Busa) released its vision on Tuesday for accelerating the deracialisation of the South African economy, acknowledging that the pace and depth of transformation had been insufficient, to date, and that business needed to be more proactive in driving a “culture” of... 

BBC, Busa end participation partnership in Nedlac after impasse

By: Natasha Odendaal     22nd May 2017 The Black Business Council (BBC) and Business Unity South Africa (Busa) have walked away from a long-standing partnership after a BBC delegation was kicked out of a National Economic Development and Labour Council (Nedlac) Infrastructure Committee meeting two weeks ago by a Busa delegation. The... 

Busa backs economic transformation, commits to strategic partnerships

By: Natasha Odendaal     12th May 2017 Business Unity South Africa (Busa) on Friday endorsed government’s imperative to implement economic transformation following a “frank” and “encouraging” engagement with Finance Minister Malusi Gigaba and Deputy Finance Minister Sfiso Buthelezi. The organisation further committed to exploring... 

Labour Minister to take hardline stance on noncompliance with EE Act 

By: Natasha Odendaal     9th May 2017 Labour Minister Mildred Oliphant on Tuesday slammed calls for the scrapping of employment equity (EE) and affirmative action policies, stating that the objectives of the policies have not yet been achieved and a harsher approach to noncompliance is on the cards. Highlighting the dismal outcomes... 

Business warns of ‘negative spiral’ after reshuffle-induced downgrade

By: Terence Creamer     4th April 2017 Business has warned of a possible “negative spiral” for the country’s economy as a result of President Jacob Zuma’s “ill-considered” March 31 Cabinet reshuffle, which led S&P Global Ratings to downgrade South Africa’s sovereign credit rating to the subinvestment-grade status of BB+, with a... 

Business concerned over consequences of Cabinet reshuffle

By: Anine Kilian     31st March 2017 Business organsiations have reacted to President Jacob Zuma’s Cabinet reshuffle and the consequential axing of Pravin Gordhan as Finance Minister with concern and trepidation. Business Unity South Africa (Busa) on Friday said it was deeply concerned about the ramifications of the extensive... 

Business warns of downgrade threat amid Gordhan uncertainty

By: Natasha Odendaal     28th March 2017 The Chamber of Mines (CoM) is the latest business entity to express concern that President Jacob Zuma’s unexpected decision to cut short an international investor roadshow led by Finance Minister Pravin Gordhan will leave investors unsettled and raise the possibility of a downgrade. Media reports... 

Gordhan flying back to SA tonight – Treasury

By: News24Wire      27th March 2017 Finance Minister Pravin Gordhan will comply with President Jacob Zuma’s order and return to South Africa on Monday evening. That is according to Treasury spokesperson Yolisa Tyantsi, who told Fin24 on Monday that arrangements were being made to fly him back to South Africa later on Monday evening. 

Busa welcomes Cosatu’s endorsement of national minimum wage

By: African News Agency      3rd March 2017 Business Unity South Africa (Busa) on Friday welcomed the endorsement of the national minimum wage by the Congress of South African Trade Unions (Cosatu), saying that this marked the final endorsement of a labour relations stability. “We are pleased with Cosatu’s endorsement of the agreement. The... 

Contested terrain

By: Terence Creamer     24th February 2017 While the recent chaos-ridden State of the Nation address was long on rhetoric and short on detail (as well as new ideas), President Jacob Zuma nevertheless arguably succeeded in placing the concept of ‘radical socio-economic transformation’ at the centre of the current economic and business... 

Busa welcomes Budget, commits to playing a role in country’s economic transformation

By: Megan van Wyngaardt     23rd February 2017 Business Unity South Africa (Busa) on Thursday welcomed the prioritisation of education and social spending, as well as the reforms in public procurement outlined by Finance Minister Pravin Gordhan in his Budget speech on Wednesday. Busa believes these measures will generate improved efficiencies... 

Fiscal consolidation, tax increases, SoE cost containment critical for pro-poor Budget - Busa

By: Natasha Odendaal     20th February 2017 Fiscal consolidation, considered and careful tax increases and parastatal cost containment will be critical elements for a pro-poor, pro-inclusive-growth Budget for South Africa for the year ahead. While there is a limit to what can be achieved through an effective Budget, Business Unity South... 

Busa worried about Sona violence, agrees greater economic transformation is needed

By: Megan van Wyngaardt     10th February 2017 The events that unfolded at Thursday’s State of the Nation Address (Sona) by President Jacob Zuma, are of serious concern and undermine the country’s progress in and towards open, transparent and constructive dialogue, Business Unity South Africa (Busa) said on Friday. “Democracy depends on... 

Busa appoints new CEO

By: Megan van Wyngaardt     18th January 2017 Business Unity South Africa (Busa) has appointed Tanya Cohen CEO, effective immediately. Cohen, who was selected as the preferred candidate following a thorough recruitment process, will hold the position for a three-year term. 

Rediscovering democracy

By: Terence Creamer     11th November 2016 Since the shocking events of the 9/12 last year when President Jacob Zuma made the fatal error of removing – seemingly with the prior knowledge of his friends outside of government – Finance Minister Nhlanhla Nene in a brazen attempt at “capturing” the National Treasury, there has been something... 

Business finds voice, but holds back from calling for Zuma’s head

By: Terence Creamer     2nd November 2016 In an action that is unprecedented since the advent of democracy in South Africa, organised business has united with religious and civil society groups behind a campaign, known as Save South Africa, which is deeply critical of the current state of government. Business, nevertheless, refrained... 

BLSA appoints Mabuza as chair as it unveils new leaders

By: Creamer Media Reporter      21st October 2016 Business Leadership South Africa (BLSA) has announced the appointment of Telkom’s Jabu Mabuza as its new chairperson and Shell South Africa’s Bonang Mohale as its deputy chairperson after a council meeting, which also approved a new board of directors for the big business grouping. Mabuza and... 

Zuma, business leaders appeal for calm, positivity for economy’s sake

By: African News Agency      16th September 2016 The current stand-off between Finance Minister Pravin Gordhan and the Directorate for Priority Crime Investigation (Hawks) was not on the agenda and was not discussed when President Jacob Zuma held a high-level meeting with chief executive officers of major corporates in South Africa,... 

Zuma endorses SA efforts to attract investment

By: News24Wire      14th July 2016 The Department of Trade and Industry will in the next few months launch a national one-stop-shop that will be responsible for issuing permits, licences and registering new businesses, President Jacob Zuma said in a written reply to a parliamentary question. Cope MP Deirdre Carter asked Zuma... 

NDP credibility needs to be rebuilt, consistency key 

By: Natasha Odendaal     27th May 2016 There is an urgent need to revive and rebuild the credibility and certainty afforded by – and more rapidly and consistently implement – South Africa’s National Development Plan (NDP), as potential downgrades by credit agencies further threaten the country’s economic growth. North West University... 

Zuma announces new NPC members

By: Natalie Greve     17th September 2015 President Jacob Zuma announced the appointment of 25 new members for a period of five years to the National Planning Commission (NPC) in the Department of Planning, Monitoring and Evaluation on Thursday. Minister in the Presidency for Planning, Monitoring and Evaluation Jeff Radebe was appointed... 

Vacations drew tourists in 2014 but foreign arrivals down

By: Sashnee Moodley     4th August 2015 Vacationing was the main reason for tourists to visit South Africa in 2014, with a significant majority of 95.7% of tourists on holiday, while business travel and students made up less than 4% of tourists.  

Busa to mark Women’s Month with business programmes for corporate women

By: Sashnee Moodley     28th July 2015 Business Unity South Africa (Busa) will, in August, host the Women in Business Master Class Series and the Women on Board Training, to commemorate Women’s Month and promote and embrace transformation in the workplace. 

Sphere Holdings moves to raise R1bn in support of black-industrialist vision

By: Terence Creamer     7th July 2015 Black-owned investment holding company Sphere Holdings plans to raise a further R1-billion in the coming months in support of its strategy of becoming a leading black industrial enterprise, which could ultimately seek a listing on the JSE. CEO Itumeleng Kgaboesele, who cofounded the company in... 

Andile Sangqu to head Anglo South Africa 

By: Martin Creamer     28th May 2015 Andile Sangqu, former Xstrata and current Impala Platinum executive and new VP of the Chamber of Mines of South Africa, has sprung to further prominence as the new executive head of Anglo American South Africa. Anglo American plc also announced on Thursday that Kumba Iron Ore CEO Norman Mbazima... 

We risk fragmenting our power crisis mitigation efforts

By: Sisa Njikelana     3rd April 2015 This article is dedicated to the late Minister of Public Service and Administration, Collins Ohms Chabane, a gallant fighter and visionary leader for better a South Africa for all. This dedication is also extended to the Human Rights Day and to those who sacrificed for a democratic, nonsexist and... 

Impact of new curriculum on employability of matriculants unclear – Busa 

By: Natalie Greve     6th January 2015 While noting that there had been a “concerted effort” by government to improve the pass rate of matriculants, industry body Business Unity South Africa (Busa) acting CEO Peggy Drodskie said it remained unclear what impact the final-stage introduction of a revised curriculum in 2014 would have on... 

Anglo American director appointed as Busa CEO

By: Leandi Kolver     5th December 2014 Mining major Anglo American director Khanyisile Kweyama has been appointed CEO of Business Unity South Africa (Busa) for a two-year term starting January 2, 2015. Anglo American had agreed to second Kweyama for this period. 

Nomaxabiso Majokweni brings strategic perspective to GIBB Board

     5th November 2014 GIBB is a South African success story, but competing in a multi-national space comes with its challenges. Bringing broad strategic perspective to the 900-employee-strong firm is recently appointed Non-Executive Director to GIBB Holdings Board, Nomaxabiso Majokweni. According to her, the... 

Labour market peace plan, minimum wage roadmap endorsed at Indaba

By: Terence Creamer     4th November 2014 Deputy President Cyril Ramaphosa described Tuesday’s Labour Relations Indaba as the first step in a process of negotiating “concrete” solutions to South Africa’s prevailing labour market instability, as well as serious wage inequality. Following the meeting, hosted under the aegis of the National... 

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