CEO Initiative lauds Gigaba for his work on several issues
CEO Initiative has made an about-turn in its attitude to working with the government after being urged by business heads not to boycott efforts to grow the economy
The CEO Initiative extended an olive branch to government on Friday and co-chaired its first working session with Finance Minister Malusi Gigaba to boost business confidence. Despite the trust deficit between government and business created by the cabinet reshuffle, CEO Initiative chairperson Jabu Mabuza said the meeting was a "significant event" at a media briefing at Treasury. "In the aftermath of the cabinet reshuffle and the impact on our relationship, we have been urged by all CEOs that this is our country and economy and we cannot boycott efforts to grow the economy." It’s a change of attitude for the business organisation, who previously snubbed talks with the minister before the Investment Road Show in April, explaining that it could not continue with "business as usual" in the wake of the cabinet reshuffle and subsequent credit rating downgrades and would need a "refreshed mandate". While the initiative, made up of about 100 CEOs, lauded Gigaba for hiring a credible head of...
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