BUSINESS PLEADS WITH TREASURY FOR DECISIVE ACTION ON THE ECONOMY
In the week in review, a delegation of BUSA board members and a small group of CEO initiative members participated in a closed meeting with Finance Minister Malusi Gigaba and other officials from National Treasury. The purpose of the meeting was to have an open and frank discussion on what interventions could be put in place to address the recession.
BUSA indicates that the meeting was constructive and comprehensive. Business did emphasise that political instability, policy uncertainty, poor management of State institutions, and the lack of trust between business and government has led to the poor performance in the economy. It was also agreed that it is now even more urgent to move from discussion into action, and that business is committed to stand alongside government and labour in working to prevent further downgrades. Click here to view the full statement from the CEO initiative.