Hilary Joffe Columnist

Big business has launched an initiative committing to curbing corruption in its own ranks, as well as growing and transforming the economy and creating jobs. The initiative, which Business Leadership SA (BLSA) launched at a ceremony in Alexandra on Wednesday, is an effort to assert business as a positive force in the life of SA, committed to SA’s future. BLSA’s new CEO Bonang Mohale said business needed to make the point to fight back against the "legacy of the ugly and deceitful ‘white monopoly capital’ campaign which sought to blame business for many of the problems that beset the country". As part of the "business believes" initiative, BLSA’s members have committed to a contract with SA, also announced on Wednesday, in terms of which they will create jobs by growing the economy; empower and encourage senior black leadership; invest in South Africans and communities; support small businesses; and condemn and root out corruption. The launch also saw Mohale and JSE CEO, Nicky Newton...

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