Business bodies pledge support for Ramaphosa as global coronavirus cases surge

2020-03-22 19:35

Governments around the world are scrambling to pass economic rescue packages as the impact of the virus severely constrains economic activity.

BUSA: Now top cops must probe Matjila and Markus Jooste

2020-03-16 18:05

BUSA president Sipho Pityana has called for law enforcement agencies to further investigate former PIC CEO Dan Matjila and others following the findings of a commission of inquiry into the state-owned asset manager.

Business, unions 'agree to give space' to Eskom proposal

2020-02-11 19:25

The Congress of South African Trade Unions, the country’s biggest labour federation, has said it won’t reach a pact with business on how to resolve the debt crisis at Eskom by the time President Cyril Ramaphosa gives his state-of-the-nation speech on Thursday.

Financiers won't be destroyed while trying to save Eskom, vows business body

2020-02-07 16:14

BUSA vice president, Martin Kingston, has said while the business body is party to a principle agreement to mobilise private and public savings to assist Eskom financially, funders should not be exposed to excessive risk in the process.

Ramaphosa to meet with business at Business Indaba this week

2020-01-12 15:59

In a statement Business Unity SA president Sipho Pityana says it will host the indaba to allow business to play a role in South Africa’s economic and social revival.

'Delighted' Business Unity SA on Gupta sanctions: 'The noose is tightening'

2019-10-11 16:19

Business lobby group has described the decision by the US Treasury to sanction the Gupta family as the 'sort of decisive action we all need'.

Eskom's chief restructuring officer an 'underwhelming' choice – Sipho Pityana

2019-08-05 18:54

BUSA is 'underwhelmed' by government's choice in appointing Freeman Nomvalo to lead Eskom's turnaround, and has expressed concern that Nomvalo does not have a track record in restructuring.

BUSA CEO Tanya Cohen steps down

2019-06-10 11:49

Cohen will take leave six months before the conclusion of her contract for a sabbatical ahead of 'pursuing new opportunities'.

Will the ANC deliver? Business calls for 'compact and capable' Cabinet

2019-05-12 16:09

Business Unity South Africa has called on the new government to announce a smaller Cabinet to help address the country's economic challenges.

BUSA: Use Moody's delay to get your house in order

2019-03-31 15:51

Business Unity South Africa has described Moody’s decision to delay the assessment of South Africa's credit rating as a “welcome reprieve” and urged the country to use the breather to get its fiscal house in order.


If unemployment fund is used for coronavirus, bail out people, not business - economist

2020-03-17 14:32

While the roughly R180 billion Unemployment Insurance Fund savings could be a useful mechanism to assist during the coronavirus outbreak, it should be used to help people, not businesses, says economist Mike Schussler.

Listen to ratings agencies, BLSA chief tells Mboweni ahead of Budget

2020-02-21 05:01

Business Leadership South Africa CEO Busisiwe Mavuso said the budget speech came at a time when South Africa had evidently used up much of the goodwill that it had with sovereign credit rating agencies in recent years.

From business rescue to court action: Other unions react to Cosatu's plan to cut Eskom's debt

2020-02-11 14:43

Talks to use finance from public and private institutions to cut Eskom's R450bn of debt by around R250bn gathered pace last week in meetings between government, business and labour.

SA business lobby welcomes Cosatu proposals to rescue Eskom

2020-02-03 17:43

The labour federation has suggested that state-owned institutions take over R254bn of the struggling power utility's debt.

Another recession looming, warns BUSA, as it slams govt for 'lip service'

2019-12-04 15:15

With GDP for the third quarter contracting by 0.6% and private sector business performance continuing to deteriorate, Business Unity South Africa has called for government to keep its promises.

BUSA blasts 'xenophobic undercurrent' to attacks on businesses, plans meeting with police minister

2019-09-03 13:18

BUSA President Sipho Pityana says the business lobby group is "gravely concerned at the increase in random attacks of violence against businesses, big and small, in Johannesburg and Tshwane".

Business on SONA: Nice objectives Mr President, but what are the implementation plans?

2019-06-21 21:28

While President Cyril Ramaphosa said in SONA now is the time for implementation, no real implementation plans followed in the rest of the speech, caution business bodies.

Business, civil groups to Ramaphosa: Shrinking cabinet is not enough, now ministers must deliver

2019-05-30 21:48

Various organisations have welcomed President Cyril Ramaphosa's new Cabinet, but they have all stressed that there is a lot of work to be done to turn around the economy.

Pityana: Meeting with Zungu was amicable, encouraging

2019-04-10 20:30

A meeting last week between BUSA leader Sipho Pityana and president of the BBC Sandile Zungu was "amicable and encouraging", Pityana tells Fin24.

BUSA: Business must support cyclone Idai survivors

2019-03-25 23:10

The cyclone rocked the southern African countries of Zimbabwe, Mozambique and Malawi. The death toll from the cyclone reportedly stands at more than 750, with 110 000 people displaced.

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