STATE CAPTURE
Treasury officials leaving over Zuma onslaught, says Bonang Mohale
‘Business has found its voice and it’s using its resources to defeat state capture,’ says Business Leadership SA boss
Business Leadership SA (BLSA) CEO Bonang Mohale has launched a scathing attack on the government, singling out President Jacob Zuma’s plan to capture the Treasury. "[The president is] moving on to [the] Treasury. We’ve now seen the director-general and a number of [officials] leaving," said Mohale at Monday’s release of a report aimed at debunking perceptions of an investment strike in the country. "Business was remiss to move away from the public debate just because we had a saint, Nelson Mandela, as president. That is why the country is captured. Business has found its voice and it’s using its resources to defeat state capture," he said. The report, undertaken by Quantech, showed 57 of BLSA’s 77 member companies such as Telkom, TFG and MTN had contributed more than R1.9-trillion to GDP in 2016. GDP growth for 2016 was a paltry 0.3%. "This [the report] is in response to [the] government’s narrative that business is the enemy. We are puncturing the inflated fallacy that business is ...
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