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Business, Cogta agree on cooperation plan for municipalities

By: Thabi Madiba     15th May 2018 Business Unity South Africa (Busa) and the Department of Cooperative Governance and Traditional Affairs (Cogta) have agreed to cooperate in setting up a structured process aimed at resolving some of the key challenges facing many of South Africa’s dysfunctional municipalities, particularly in the... 

Busa welcomes announcement of plans to reopen consultations on IRP

By: Simone Liedtke     9th May 2018 Business Unity South Africa (Busa) has welcomed the announcement by Energy Minister Jeff Radebe, before the Portfolio Committee on Energy, that the Integrated Resource Plan (IRP) be reopened for public consultation. Busa previously called for the IRP to be subjected to public consultation,... 

Busa supports labour law amendments, but concerned about risks

By: Simone Liedtke     18th April 2018 Business Unity South Africa (Busa) has voiced its support for amendments to legislation to introduce provisions to enhance labour relations stability and the implementation of a National Minimum Wage (NMW). Busa warned, however, that the risks to employment and business, particularly smaller and... 

Sense of optimism for greater industrialisation in Africa prevails – DTI

By: Simone Liedtke     13th April 2018 Regardless of barriers to trade between African countries, Department of Trade and Industry (DTI) African integration and industrial development chief director Nigel Gwynne-Evans believes there is currently a sense of far greater optimism among heads of State that these issues can be overcome.... 

Moody's announcement signals positive sentiment, says Busa

By: African News Agency      26th March 2018 The decision by Moody’s Investors Service to retain South Africa’s international and domestic credit rating at investment grade and the change in outlook to stable is a mark of greater confidence in the country, Business Unity South Africa (Busa) said on Saturday. On Friday night, Moody's said it... 

Busa optimistic of South Africa’s economic prospects

By: Marleny Arnoldi     13th March 2018 Business Unity South Africa (Busa) is optimistic about South Africa’s economic prospects following meetings with investors and ratings agencies in London this week.  

Industry, business welcomes tough Budget, but warns govt to implement promised changes

By: Megan van Wyngaardt     22nd February 2018 Although Finance Minister Malusi Gigaba has faced sharp criticism following the tabling of the 2018 Budget on Wednesday, particularly from opposition party, the Democratic Alliance, and the Congress of South African Trade Unions, industry bodies and business organisations have welcomed the... 

Industry confident Eskom board changes will help save utility

By: Megan van Wyngaardt     22nd January 2018 The appointment of a new Eskom board with “credibility, business acumen and experience” has given South African businesses hope that the embattled State-owned entity (SOE) can be salvaged, with a number of organisations lauding Deputy President Cyril Ramaphosa for taking a step in the right... 

Business welcomes government’s 'commitment' to restore confidence with new Eskom board

By: News24Wire      22nd January 2018 Business leaders have welcomed the appointment of Eskom’s new board as a sign that there is political will to restore confidence in state-owned enterprises. Government announced on Saturday that Telkom chairperson Jabu Mabuza will chair Eskom’s board as part of a host of measures to “stabilise... 

Calls made for far-reaching Eskom restructuring as sustainability risks mount

By: Terence Creamer     9th January 2018 Eskom’s current financial situation makes it difficult to see any other path to sustainability than that of drastic cost-cutting, restructuring and bringing private equity into the business, Energy Intensive Users Group of Southern Africa (EIUG) past chairperson Piet van Staden argues. In an... 

Busa raises red flag over lack of IRP consultations

By: Creamer Media Reporter      15th December 2017 Business Unity South Africa (Busa) on Friday said it was concerned over a lack of consultation on the final draft of the updated Integrated Resource Plan (IRP), which was approved by Cabinet last week. The IRP determines South Africa’s long-term electricity demand and details how the demand... 

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... 

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