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President Cyril Ramaphosa yesterday met with members of Cabinet and senior business leaders to receive an update on progress made in the collaboration between government and business. This collaboration was initiated in June 2023 with the aim of significantly growing South Africa’s economy and restoring public and investor confidence through critical interventions to address the key challenges of energy, logistics, and crime and corruption.

Highlighting the meaningful progress made since the start of the initiative, President Ramaphosa said: “We have established an effective working relationship between government and business to tackle the most immediate challenges facing our economy. While we have identified key milestones and set out the processes to achieve these, the real test of our success will be in the results felt by ordinary citizens. We are confident that, by working together and marshalling the significant resources and expertise that exist in our country, we will end load shedding, fix our logistics system, and tackle crime and corruption.”

Full Statement Attached

Issued by BUSA and Government