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Governments around the world are scrambling to pass economic rescue packages as the impact of the virus severely constrains economic activity.
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.
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.
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.
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.
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'.
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.
Cohen will take leave six months before the conclusion of her contract for a sabbatical ahead of 'pursuing new opportunities'.
Business Unity South Africa has called on the new government to announce a smaller Cabinet to help address the country's economic challenges.
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.
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.
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.
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.
The labour federation has suggested that state-owned institutions take over R254bn of the struggling power utility's debt.
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 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".
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.
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.
A meeting last week between BUSA leader Sipho Pityana and president of the BBC Sandile Zungu was "amicable and encouraging", Pityana tells Fin24.
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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