Ramaphosa's policy unit a good sign to investors – Black Business Council

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The reinstatement of a policy and research services unit by President Cyril Ramaphosa will be perceived positively by potential investors, the Black Business Council said.

The organisation on Tuesday issued a statement welcoming the president's move, as it will show that government is serious about policy implementation, the council said.

The advisory unit is modelled on a similar unit of former President Thabo Mbeki's administration, Bloomberg reported on Monday.

"It will advise the presidency on policy and implementation of policy, and that service will also be available to other government departments," presidency spokesperson Khusela Diko told Bloomberg.

Commenting on the unit Sandile Zungu, president of the BBC said policy certainty is important in the business environment. "This development sends the correct signal that the new administration is serious about implementation and monitoring of current policies.

"The policy unit should also bring the much-needed policy cohesion that will undo the silo behaviour across all spheres of government," Zungu added.

The BBC further expressed its support of Ramaphosa and called on other stakeholders such as business, labour, government and communities to support the economic revival and policy implementation.

According to Bloomberg, presidency official Busani Ngcaweni has been reassigned to head the unit.

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