Jacob Zuma calls for stronger ties between business and government
The president addresses infighting between black business leaders, saying it is disappointing that ‘among ourselves we see enemies’
PRESIDENT Jacob Zuma said collaboration between business and government had to go beyond reigniting the economy and staving off rating agencies.Speaking at the Black Business Council’s (BBC’s) gala dinner in Johannesburg on Tuesday night, Zuma tried to assure black business leaders that the country was doing well in promoting this collaboration, which he said needed to include transformation.However, he made veiled comments about the rating agencies."There is a new thing we all want to hide called rating agencies.... They come here, [and] I haven’t heard them going to other countries where they have economic problems," he said.READ THIS: Minister and SOEs in discussions with black business lobbyMoody’s Investors Service is keeping a close eye on political divisions ahead of a planned update of its rating on November 25. In May, Moody’s confirmed SA’s rating but put it on negative outlook, implying a probability of a downgrade of about one-third.Zuma took the opportunity on Tuesday ...
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