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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.
Former finance minister Pravin Gordhan says the SMS he received to return immediately from an investor roadshow in London alienated key business leaders.
The CEO Initiative has warned that populist policies that focus on short-term solutions will only result in the economy slipping further away.
President Jacob Zuma will meet members of the CEO Initiative to assure them of the government’s willingness to bolster investor confidence, says a person familiar with the matter.
The firing of former finance minister Pravin Gordhan is not a political issue, according to Cas Coovadia, chair of the Banking Association of SA and part of the CEO Initiative.
The decision by Moody's not to update its ratings on SA's sovereign debt is a reminder of government's urgent to do list, the CEO Initiative and the Banking Association of SA have said.
Businesses should hold those implicated in state capture allegations to account and no longer be silent on societal challenges, says Nedbank CEO and member of the CEO Initiative Mike Brown.
The CEO Initiative believes Brian Molefe's reinstatement as Eskom CEO is disrespectful to South Africans and sends a worrying message to investors and ratings agencies.
It is now more crucial than ever that SA maintains continuity with its fiscal plan and apply strict discipline in managing finances, says the CEO Initiative.
The CEO Initiative says it is gravely concerned and disappointed by the ill-timed and irrational dismissal of a trusted and well-respected minister of finance and his deputy.
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