BUSA: Private sector key for job creation
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.