Black Business Council helped state capture, says Sipho Pityana
Busa president accuses BBC president Sandile Zungu of complicity in corruption because of the organisation's closeness to Jacob Zuma
Prominent black business leader and president of Business Unity SA (Busa) Sipho Pityana has launched a stinging attack on the president of the Black Business Council (BBC), Sandile Zungu, saying he has brought shame on honest black professionals and has been complicit in state capture. Pityana, who has written an open letter to Zungu in his personal capacity, is also chair of AngloGold Ashanti and his own empowerment group Izingwe Capital. He was prominent in the campaign to remove former president Jacob Zuma from office. The BBC, which was formed in the mid-90s to unite several black business organisations, became part of Busa in 2003 when black and white business organisations united.
But it broke away again in 2012 after disagreement over the best way to transform the economy. It is due to hold its annual summit, a prestigious event to be addressed by President Cyril Ramaphosa, on economic transformation this week. Pityana says he chose to write the letter to coincide with ...