Business and government work to repair their relationship, says Gigaba
Business and the government are working together to repair their relationship, Finance Minister Malusi Gigaba said on Friday. This comes after the surprise Cabinet reshuffle in March which angered business and prompted a rating agency downgrade of SA to junk status. According to the Bureau of Economic Research, business confidence is at the lowest level since the 2009 financial crisis. At the first working session of the CEO initiative steering committee, co-chaired by Gigaba and held at the Treasury, he said the objective is to drive employment and growth and re-ignite confidence in the South African economy, and that several initiatives are on the table. The government and business are still pushing the youth employment scheme with the aim of involving 1-million young people in the next three years through internship programmes. The partnership is also looking at revitalising manufacturing in the Vaal Triangle. "This is so we can ensure we can lift the economy above the zero [poin...
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