Busa CEO: 'Budget is encouraging'

2011-02-24 00:00

BUSINESS Unity SA’s (Busa) CEO, Jerry Vilakazi: Busa is encouraged by several business friendly components in the budget speech. Busa therefore welcomes the minister’s emphasis on the importance of competitiveness to the economy in order for us to achieve higher levels of inclusive growth.

Business concurs that the degree to which the creation of decent jobs will be possible will depend on the competitiveness of our enterprises. We further share sentiments implied in his speech that our rates of investment and exports must be promoted in order to support an environment in which such higher job-rich growth is possible. The involvement of the Development Bank of South Africa in the operational aspects of the R9 billion jobs fund and the distinction made between the jobs fund and the R5 billion youth employment subsidy are welcome clarifications.

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