News24

BUSA: Private sector key for job creation

2011-12-31 14:20

Johannesburg - The private sector is the key to creating more jobs in South Africa in the new year, Business Unity SA (BUSA) said on Saturday.

"The private sector remains the key to the country's quest for creating jobs at a fast pace and sustainable manner," Busa President Futhi Mtoba said in a statement.

She said some 85 percent of jobs in South Africa were in the private sector.

"As such policies should be framed to induce the private sector to produce, invest and employ more."

Mtoba said businesses needed to feel confident about the country's economic growth.

"South Africa needs to grow more rapidly, apart from anything else."

The country needed to ensure its domestic policies were appropriate for this goal which would allow it to remain internationally competitive.

She said the economic and business outlook for the country in 2012 remained "modest but positive" with between 2.5 to 3 percent growth expected.

"This is insufficient to meet SA's socio-economic challenges."

Mtoba said that the country needed to ensure that governmental economic policies created more tangible results.

"Funds allocated to capital expenditure by the public sector must be effectively spent," she added.

- SAPA

Comments
  • George - 2011-12-31 14:34

    Take away our stupid labour laws and allow us to steel and cheat the IRS and get away with it without fear of Prosecution

      dhuysamen1 - 2011-12-31 14:43

      Right on George. Hiring ssome lazy layabout who has been indoctrinated by the ANC that the world, and especially the white man, owes him a "job" with a salary cheque is a definite NO-NO. The concept of actually doing ssome productive work in order to earn a reward is foreign to the African culture and has been since time immemorial. Women work the land while men go to waar withh neighbours and rape, steal and pillage. The only things that have changed in the last 350-plus years is that they swopped skins for white man's duds and assegais for AK 47's and other white man's weapons.

      Fred - 2011-12-31 18:23

      @George ... I don't agree about stealing and cheating the IRS, but the only way to get people to start new businesses is to take away ALL the red tape. At the moment a small business has to hire ann accountant just to do all the ridiculous admin work, where small businesses have to do the same as the giant corporations. I want to start a new small business, but it's on the back-burner until things change, alternatively I will have all my products made, packaged and distributed from the East. This will not help SA at all, but it will help me. Maybe that's all I should worry about.

  • George - 2011-12-31 14:35

    Affirmative Action "South Africa is the only country in the world where affirmative action is in the favour of the majority who has complete political control. The fact that the political majority requires affirmative action to protect them against a 9% minority group is testament to a complete failure on their part to build their own wealth making structures, such that their only solution is to take it from others." London Times

  • Vegi - 2011-12-31 15:28

    Is it not strange that only rightwing trash has commented on this article so far?

      Andrew - 2012-01-01 06:38

      IF your name implies what type of person you are, then suggest you dont make stupid cooments of this nature. Our present labour laws are in part the reason for lack of job creation.

  • JudithNkwe - 2011-12-31 15:44

    It is not private enterprise that is the hope for the future, communities are. Community specific projects are on the rise and properly run, create wealth within the community as well as food security. Such moves are far more powerful as they are unconstrained by labour laws and government.

      Vegi - 2011-12-31 16:02

      True

      Gerhard - 2011-12-31 17:15

      The fact is that the ANC is not able to run something as simple as a municipality never mind a country.

      Yar - 2011-12-31 20:21

      @Judith & Vegi You have got to be kidding. Without private enterprise there will be nothing for governments to pillage. Growth in jobs can only come from profit. Only private enterprise delivers profit.

  • Terrence - 2011-12-31 15:46

    duh !!!!!!!

  • Wesley - 2011-12-31 15:56

    And don't forget Eskom

  • mystae - 2011-12-31 16:42

    Funny how gvmnt wants businesses to take the first step, but they do nothing to incentivise the action. In fact, they do everything necessary to ensure that it's an unappealing option. This inevitably means stunted business growth, which means stunted economic growth. So maybe they should be looking at what they are doing wrong first before telling business owners what to do.

  • Henri James Christie - 2011-12-31 17:02

    Want to see this happen???? Get rid of the trade unions, the bulls@&t labour laws and the BEE policy. These are handbreaks on future growth!!!

  • nikki.bodenstein - 2011-12-31 18:10

    over my dead body! i work for me and my family. i don't need our majority useless nation's help thank you very much!

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