CEO Initiative exclusive, fashionable and incapable, says BBC president Boloyi
Cape Town — Black Business Council (BBC) president Danisa Baloyi on Friday took a swipe at the CEO Initiative led by Jabu Mabuza and Finance Minister Pravin Gordhan, describing it as "an exclusive and fashionable one-ministry CEO initiative which is incapable of mobilising the resources of the scale required to stimulate the economy". The BBC has instead thrown its weight behind the "inclusive" presidential working group and its committees which Baloyi said should be given prominence rather than the CEO Initiative. The CEO Initiative was spearheaded by Gordhan at the beginning of the year in an effort to ward off a credit ratings downgrade and boost economic growth.
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