South Africa is at a crucial junction. The collaborative efforts of business, government and labour in 2016 helped the country preserve its crucial investment-grade credit rating. Yet we remain stuck in a low-growth phase that makes it difficult to lift millions of people out of poverty. The South African economy needs to grow. It also needs to transform. The transformation agenda must simultaneously seek to further deracialise the economy, enable the economy and businesses to thrive and ensure that the economy can create employment for the 6 million people looking for work today. It is in all our interests that we have a growing and deracialised economy. In my work with Business Unity South Africa, Business Leadership South Africa and the CEO Initiative, I can vouch that leading businesses understand this imperative and that they are committed to an economy that works for all South Africans. This is why we support Finance Minister Pravin Gordhan's balanced budget and his clear and ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00.