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Cape Town - Finance Minister Malusi Gigaba and Business Unity South Africa (BUSA) are set on working together to sustainably transform the economy.
BUSA, which represents South African business on macro-economic and high-level issues, hosted a meeting on Friday with Gigaba and his deputy Sfiso Buthelezi.
They discussed issues such as the impact of the recent downgrade in the country’s sovereign credit rating, macroeconomic policy and the efforts being made to accelerate inclusive growth and economic transformation.
“We had a very frank and encouraging engagement with Minister Gigaba,” said BUSA CEO Tanya Cohen.
“The emphasis of the discussion was on the need for consistent as well as stable macroeconomic policies with a focus on implementation; the necessity of bringing good governance and efficiency to State Owned Companies; and the imperative to grow and transform in a sustainable and accelerated manner - all of which were welcomed."
BUSA said it is fully committed to exploring strategic partnerships, so as to realise the full potential of the South African economy and its people. It said it fully endorses the imperative to implement economic transformation, and its role as business, in order to give effect to the objectives of the National Development Plan and in line with government’s policy framework.
“Together with our BUSA members from all sectors of the economy, we look forward to exploring the strategic partnerships that the Minister referred to, about growing the economy so that business can play a meaningful role in ensuring that we sustainably transform the economy,” said Cohen.
