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The organisation has proposed the creation of a collaborative platform where business, government and Eskom can work together to explore practical solutions to address the short-term operational challenges facing the utility. It represents business on cross-cutting issues relating to economic, social, trade, environment and transformation in national and international structures and bodies and is the representative of business at Nedlac.īUSA views the revitalisation of Eskom as the single most important priority for the economy and underpins inclusive growth. BUSA serves as an overarching structure representing business on cross-cutting issues relating to the economy, social policy, trade, the environment and transformation in national and international structures and bodies and is the representative of business at Nedlac.īusiness Unity South Africa (BUSA) has assured President Ramaphosa of the business community’s support for current efforts to stabilise electricity supply in the country and to secure the sustainability of Eskom as a power utility.īUSA has made a commitment to leverage its membership in order to place expertise, skills and technological interventions at the disposal of government and Eskom, to reinforce actions that are currently being implemented to stabilise Eskom and to secure the supply of electricity.īUSA’s engagement on these initiatives will serve to complement and strengthen the work being done by the management and board of Eskom in partnership with the Special Cabinet Committee on Eskom chaired by Deputy President David Mabuza and the technical review team on Eskom that is led by Minister of Public Enterprises Pravin Gordhan.īUSA offered its commitment to President Ramaphosa at a meeting in Pretoria on Wednesday 3 April 2019, when Minister Gordhan updated South Africa’s largest business federation on the challenges facing Eskom and actions that are unfolding to mitigate the immediate crisis and secure the long-term sustainability of the power utility.īUSA is the largest business confederation in the country and serves as an apex structure for a broad range of organisations that represent various sectors of business.
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It is a confederation of unisectoral business organisations corporate representative organisations chambers of commerce & industry and professional organisations. The primary purpose of the BBC is to lobby government on policy related matters and to play an advocacy role where policies are in place in order to accelerate the participation of black business in the mainstream economy.īusiness Unity South Africa (BUSA) is the principal representative of business in South Africa. The Black Business Council (BBC) is the overarching confederation that represents black professional, business associations and chambers. The organisations will be taking the issues raised at the meeting back to their membership with a view to obtaining input and mandate thereon, including crafting a way forward. The organisations will seek to play an active part in the search for a solution.īoth organisations are committed to rebuilding public trust by encouraging ethical conduct and leadership in business and society in general. The BBC and BUSA are worried that this may have eroded public trust in both business and the government.
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There was also common recognition of the negative impact of corruption and state capture on the economy and the functioning of the state.
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Both organisations are in agreement that transformation is a critical enabler of economic growth in the country. The BBC and BUSA are equally concerned about the precarious state of the economy and will seek to work in a more aligned manner in engaging the government on the best way to navigate the country out of its current challenges.įurthermore, both organisations are equally concerned about the slow progress in transforming the economy to realise the meaningful participation of black people and small business therein. The two organisations agreed on the need for a common platform for a business voice and have thus appointed a committee (four from each organisation) to explore the modalities of how that can be achieved. The Black Business Council (BBC) and Business Unity South Africa (BUSA) held an eight-a-side exploratory meeting on Thursday 4 April 2019, at which both organisations discussed issues critical to business.