Business Unity South Africa has criticised the lack of urgency by government in taking the hard decisions to create an environment for investment and growth.
The protests, unrest and massive looting in KwaZulu-Natal has destroyed and disrupted vital transport, logistics, warehouse and distribution facilities in the province.
South Africa’s biggest businesses said they are “seriously considering” a request by the government to help fund the acquisition of Covid-19 vaccines as the disease curbs activity in the economy.
Chronic under-performance of South Africa’s economy over the past decade is pushing the continent’s dominant powerhouse to the edge of economic and political disaster.
A pact between South Africa’s government, labour unions and business to cut Eskom’s debt won’t include a pledge to use the pensions of state workers as had been initially proposed.
South African business leaders are growing increasingly concerned that the government doesn’t have the will or capacity to overcome the economic devastation wrought by the coronavirus pandemic.
The ANC and business leaders are heading for a showdown over how to revive an economy ravaged by the coronavirus and a two-month lockdown to curb its spread.
Labour and business are pushing the government to find a way to utilise an unemployment fund with assets of about R180-billion to fight the effects of the coronavirus outbreak.
South Africa’s biggest business lobby criticised the government’s handling of the crisis at power utility Eskom and said it was unrealistic in its approach to the country’s growing debt burden.
The R100-billion debt support Eskom has requested from government is not nearly enough to return the struggling utility to sustainability, says Business Unity South Africa.