BUSINESS Leadership South Africa (BLSA) has joined calls for the creation of an emergency fund to support those businesses that will otherwise be unable to reopen due to the riots and looting seen in South Africa over the last week.
Writing in her weekly open letter, BLSA chief executive Busi Mavuso said that this is important as there are many viable and proven businesses that serve the economy and their communities well and pay taxes.
“We need to make sure they are able to get back on their feet,” she said. “While there is enormous pressure on government finances, it would serve those finances best to ensure that good tax-paying business are not shut indefinitely.”
Mavuso said that there has been some breathing room created through commodity windfalls that would provide the upfront cash for government to back businesses that will yield a return in years to come.
Businesses can
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