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Business welcomes Zuma address

Feb 11 2011 07:09 Sapa

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Johannesburg - President Jacob Zuma's State of the Nation address laid the ground for business and government to work towards job creation, Business Unity South Africa (Busa) said on Thursday.

"We are pleased that the President committed his government to a disciplined macroeconomics approach," Busa spokesperson Masego Lehihi said in a statement.

"The expectation in business circles has been high for the President to use his State of the Nation address to concretise some of the proposals in his government's New Growth Path initiative."

He said Busa was encouraged by government's intention to link social grants to the promotion of economic activity.

It was also pleased with government's intentions to combat corruption, to cut costs for small businesses and to provide a more streamlined support service for business development.

Busa welcomed government's plan to provide incentives for greenfield developments and the expansion of existing businesses

"We believe that reducing the costs of doing business in South Africa, across the spectrum, will be imperative.

"We need to encourage vigorous entrepreneurship, as well as a rapid improvement in our improved global competitiveness to improve job creation."

Busa was awaiting specifics and implementation deadlines on government's commitments.

It said it was behind the government in its goal of creating a performance-oriented state.

It also believed that the improving the pace, efficiency and quantum of infrastructure was important.

"Business looks forward to the unpacking of the details of infrastructural spending. In order to ensure success in this regard, leveraging of the capacity of private sector through targeted increases in public-private partnerships will be particularly important."

Business, Lehihi said, would play its part in saving electricity and avoid load shedding.

Busa was encouraged by Zuma's emphasis on the need to improve service delivery at grass roots level.

"This is important for business, especially for our smaller and emerging enterprises, many of whom are deeply dependent on the efficient delivery of basic services from and proper administration of the municipalities in which they are located."
busa  |  jacob zuma  |  state of the nation
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