South Africa's Challenges Require 'Collaborative Approach' - Ramaphosa To SA Business Community

Riyaz Patel

President Cyril Ramaphosa on Thursday engaged several business leaders on plans to accelerate reforms to build business confidence, grow investment and boost the economy.

The meeting was initiated by business and attended by the leadership of South Africa’s major banks as well as representatives from various business bodies.

A statement from the presidency said business leaders expressed commitment to support several broader initiatives to address the unemployment crisis in the country.

Ramaphosa said he will hold similar discussions with other social partners, including organised labor.

The President briefed South Africa’s business community of efforts to rebuild and strengthen state institutions including the South African Revenue Service (SARS) and National Prosecuting Authority (NPA), as well as on the interventions in several state-owned companies (SOEs).

There was also discussion and debate around the progress on the implementation of much-needed reforms for faster economic growth, including the restructuring of Eskom, digital migration and the review of the country’s visa regime.