Zuma’s reshuffle creates instability in vital departments, says Busa
‘The change in minister may well take the country back another step in this regard, delaying the finalisation of a sustainable and affordable energy solution’
Business Unity SA (Busa) has added its voice to the many opposed to President Jacob Zuma’s Cabinet reshuffle. Busa said after Zuma’s announcement on Tuesday that it was concerned about lack of stability in key departments, including energy and home affairs, as certainty was a prerequisite for business confidence. "Political and economic stability is required to ignite inclusive economic growth and generate much-needed employment and revenue to pursue our social goals," BUSA CEO Tanya Cohen said. "This latest reshuffle further undermines prospects for SA’s growth." Singling out the energy department, Cohen said issues such as instability at the Central Energy Fund portfolio, including PetroSA and the Strategic Fuel Fund, were of great concern, after Zuma announced former state security minister David Mahlobo as the new minister in that department. "The change in minister may well take the country back another step in this regard, thereby delaying the finalisation of a sustainable and...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.