Under siege from sections of the tripartite alliance for failing transformation, organised business on Tuesday took the unprecedented step of launching its own take on economic transformation. Dubbed the "first united business stance" on the subject, the paper covered its approach to black economic transformation, inclusive growth and high levels of unemployment. Business Unity SA (Busa) president Jabu Mabuza said business had been on the sidelines for too long and now needed to champion inclusive economic growth. "If we don’t transform, we will be transformed ... we are running out of time," Busa CEO Tanya Cohen said. Ajay Lalu, MD of Black Lite Consulting, which deals with transformation issues, said: "It’s a welcome introspection from business that they concede that they haven’t performed well on transformation to date." He said that the document was still a little scant on detail and that an end state of when transformation was achieved needed to be defined. "In my view, this wi...
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