FORMER Exxaro Resources CEO, Sipho Nkosi has been appointed to South Africa’s Presidency where he will lead an initiative to cut government red tape aimed at promoting ease of doing business in the country and with the state.
The appointment was announced by President Cyril Ramaphosa as part of his annual State of the Nation Address in which he reiterated his administration’s interest in placing the private sector at the centre of job creation.
“Low economic growth and investment in the country as well as unreliable electricity supply have heightened the unemployment statistics,” said Ramaphosa earlier in his address in Cape Town. “The work of government is to create a conductive environment for the private sector to invest and create jobs.
Nkosi ran Exxaro from 2008 to 2016 in which the company became a prominent supplier of thermal coal to Eskom, as well as the domestic and export coal markets.
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