Business lauds Zuma speech
Johannesburg - The SA Chamber of Commerce and Industry
(Sacci) was very pleased with the state-of-the-nation address, although
disappointed that small business was ignored, CEO Neren Rau said on Thursday.
"We were very pleased with the speech given the current
economic circumstances. We commend (President Jacob Zuma) for his choice of
themes and level of detail provided, which exceeded the level of detail
provided in the past."
However, Sacci was concerned about the blatant omission of
small, medium and micro enterprises. The lack of a clear direction on policy
"We would have liked to have seen some sort of
long-term direction for the nation, some policy direction for foreign and
domestic investors, especially on nationalisation, which was avoided.
"That sort of policy clarity was essential," he
said, adding that it was also lacking in Zuma's ANC centenary address last
Sacci was looking for feedback on the local government
turnaround strategy, but this was not mentioned.
The reduction in port charges was a good news.
"That has been a thorn in the side of my members for a
Rau also welcomed the planned improvements to
"Especially as it's all in projects that facilitate
getting minerals to the coast and to international markets."
Rau said the creation of 365 000 jobs in 2011 was fantastic,
despite the target having been 500 000, as it was a very difficult year.
In relation to the statutory commission to monitor
non-compliance with black economic empowerment and the criminalisation of
fronting, Rau said it might be time to review the process.
"We do think it may be an opportune time to review the
entire process of BEE and transformation.
"We've tried it in its current form, we've identified a
number of failings... maybe it is time to review the whole process... perhaps
before we get too far along on the wrong path to take stock."
Rau said fronting was a consequence of an inadequate
"We have these transformation targets, but if you don't
have the education system turning out the skills required, then business's
hands are tied... as a consequence you have distortions like fronting coming
As such, Sacci would have liked to have seen plans to
improve the education system, he said.
i do not believe that those 365 000 jobs mentioned has been created because they are all temporarily not permanent.i am very disappointed about how you people can say those raw lies.
So how exactly does a country create sustainable jobs without supporting small, medium and micro enterprises? Governments target of 5 million jobs by 2014 - I think I have a better chance of winning the Lotto. SACCI was it really such a good speech?