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BUSA ENDS COOPERATION WITH BLACK BUSINESS COUNCIL;MEETS NEW FINANCE MINISTER

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BUSA ENDS COOPERATION WITH BLACK BUSINESS COUNCIL;MEETS NEW FINANCE MINISTER
In its latest communique to members, BUSA updates on the end of its cooperation with the Black Business Council (BBC) within the NEDLAC structure. This means that the BBC will no longer be represented by BUSA at NEDLAC, but does not prevent BBC from seeking direct access in NEDLAC. Other notable highlights from the communique include:

  • BUSA met with Finance Minister to discuss key economic issues, such as the recent credit ratings downgrade and inclusive growth and transformation.
  • BUSA notes its grave concern with the announcement about the return of Brian Molefe to Eskom. BUSA say that in line with the Public Protector’s report, the re-appointment is not line with the expected levels of accountability and ethical leadership for a crucial state institution such as Eskom.
  • BUSA responds to the latest Commission of Employment Equity report, saying Business commends the progress made this year. It also says though that the current trajectory and pace of change is insufficient to make the shifts needed to transform the South African workforce at more senior levels.

Click here to download the latest BUSA communique to its members from Friday 12 May.

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