Ramaphosa's policy unit a good sign to investors – Black Business Council | Fin24
 
  • Illicit Tobacco Trade

    The SA Revenue Service says it is going to court to recover R200m in taxes in a decade-old case

  • SAA Strike

    The airline says it will take legal action over 'malicious' claims of unsafe flights by unions.

  • New CEO

    After months of speculation and delays, Andre de Ruyter has been named Eskom's new head.

Loading...

Ramaphosa's policy unit a good sign to investors – Black Business Council

May 14 2019 18:00
Lameez Omarjee with Bloomberg

The reinstatement of a policy and research services unit by President Cyril Ramaphosa will be perceived positively by potential investors, the Black Business Council said.

The organisation on Tuesday issued a statement welcoming the president's move, as it will show that government is serious about policy implementation, the council said.

The advisory unit is modelled on a similar unit of former President Thabo Mbeki's administration, Bloomberg reported on Monday.

"It will advise the presidency on policy and implementation of policy, and that service will also be available to other government departments," presidency spokesperson Khusela Diko told Bloomberg.

Commenting on the unit Sandile Zungu, president of the BBC said policy certainty is important in the business environment. "This development sends the correct signal that the new administration is serious about implementation and monitoring of current policies.

"The policy unit should also bring the much-needed policy cohesion that will undo the silo behaviour across all spheres of government," Zungu added.

The BBC further expressed its support of Ramaphosa and called on other stakeholders such as business, labour, government and communities to support the economic revival and policy implementation.

According to Bloomberg, presidency official Busani Ngcaweni has been reassigned to head the unit.

NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What do you think about private healthcare in SA?

Previous results · Suggest a vote

Loading...