Policy incoherence and uncertainty has hampered business growth in the country leading to massive job losses, leaders of various sectors of the economy told delegates at a Business Unity SA (Busa) indaba on Tuesday. They said that the country continues to lose billions of rands in direct investment and the capacity to create millions of jobs due to policy confusion and weak government support. The gathering, hosted by Busa, is to try and find ways to revive the economy. While the government, business and labour have held frequent summits to formulate joint plans, the new Public-Private Growth Initiative (PPGI), which was introduced at the indaba, is advocating the formulation of five-year, sector-based plans. The PPGI — led by Toyota Europe and Africa CEO Johan van Zyl, the Gordon Institute of Business Science (GIBS) professor Nick Binedell, and former constitutional negotiator Roelf Meyer — has done work in 22 sectors, several of which made presentations at the indaba. CEO of agric...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.