BUSA: Reforms needed for SA growth

Business Unity South Africa recently held its annual general meeting, where President Cyril Ramaphosa delivered a keynote address focused on strengthening the partnership between the government and the private sector to drive inclusive economic growth and job creation. The theme of the meeting, 'Strengthening the Government and Business Partnership for Inclusive Economic Growth and Job Creation,' highlighted the importance of collaboration between the public and private sectors to tackle critical issues facing the country. Cas Coovadia, the CEO of Business Unity South Africa, shared insights from the meeting and discussed the key points raised by President Ramaphosa. President Ramaphosa underscored the success of the partnership between business and government, emphasizing the commitment from both sides to utilize the capacity and resources of the private sector to drive economic growth and transformation. He highlighted the government of national unity, consisting of 10 parties, working together to manage differences and collaborate effectively. This unity has boosted confidence among investors and citizens, paving the way for inclusive development. While acknowledging areas of disagreement, such as the National Health Insurance (NHI) program, Coovadia emphasized that the partnership has enabled the acceleration of key legislation, including reforms in the energy sector and improvements at entities like Transnet. Despite differences on certain issues, the spirit of constructive engagement and dialogue remains vital in resolving conflicts and advancing mutual goals. Coovadia pointed out the ongoing progress in critical sectors like energy, transport, and logistics, highlighting the reduction in load shedding and efforts to enhance rail infrastructure. However, challenges persist in areas like local government and water management, necessitating a pragmatic and realistic approach to address emerging issues. Collaborative efforts with various government departments aim to co-create legislation that fosters a conducive environment for investment and economic growth. The partnership between Business Unity South Africa and the government extends beyond national initiatives to local engagements, focusing on improving living conditions for all citizens. Through regular communication and transparency, both parties aim to manage expectations and drive tangible outcomes for the benefit of the public. Coovadia stressed the importance of creating a legislative and regulatory framework that attracts investments and stimulates economic activity, leading to inclusive growth and prosperity. As Business Unity South Africa continues to champion collaboration and dialogue with government officials, the vision of a sustainable and thriving economy remains at the forefront. The call for unity, pragmatism, and shared responsibility echoes throughout the business community and sets the stage for a robust partnership that can steer South Africa towards prosperity and development.