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Businesses threaten to dump government
Business forums have threatened to not cooperate with a new government, if it was unwilling to create a business-friendly environment and continue the private partnerships established with the current administration.
MK and EFF have expressed their desire to nationalise and to introduce new taxes on businesses and the wealthy.
This has brought the sustainability of public-private partnerships within the government into question.
In 2023, President Cyril Ramaphosa met with B4SA business leaders “to discuss ongoing interventions and collaboration between the government and the business sector to achieve inclusive growth, inspire confidence in the economy and create jobs”.
Businesses agreed to collaborate with the government to tackle problems undermining the economy and its growth potential.
The top priorities were identified as energy, transport and logistics, and crime and corruption. Indications are that they have been relatively successful.
Business Leadership South Africa CEO Busi Mavuso said the current administration has made good progress in stabilising institutions and implementing economic reforms.
“The key to the reform successes so far has been the partnership between government and the private sector.
“Through B4SA [Business for South Africa], we have mobilised significant private sector resources and skills to support government in key interventions where expertise and outside resources are needed to implement long-lasting changes.”
She said that looking ahead, the next administration should build on the momentum of these reforms.
“We are not going to support an administration that is touting policies of mass economic destruction,” she told News24.
B4SA chairperson Martin Kingston said it was crucial to continue existing reform momentum.
He said the private sector was committed to working with the government of the day, provided that the administration was committed to working with the private sector.
SOURCE:Businesses threaten to dump government – Daily Friend
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