BL Premium reports that as President Cyril Ramaphosa mulls his response to the energy crisis gripping the country, Business Unity SA (Busa) on Tuesday called for a more focused partnership between the government and private sector.
Economists have sketched a bleak picture of the economic impact of load-shedding. Ramaphosa is (still) working on a proposal to deal with the crisis and is expected to address the nation soon on it. On Tuesday, he met organised business leaders on the electricity supply crisis in a virtual meeting. Bonang Mohale, president of Busa, which represents 55 business organisations, said the talks were “productive, extremely open, honest and transparent”. Commenting further, Mohale said: “As business we are absolutely convinced we are in this together. This is an all-in crisis ... The economy is currently being hamstrung and we know that without energy there is zero economic activity.” He added that Busa was happy with the plan presented to it, but cautioned that “the trick will always be execution”. Busa CEO Cas Coovadia commented: “The presidency presented a plan to address the immediate and longer-term energy stabilisation and consolidation issues. There is reasonable congruence between business priorities and the plan.” Coovadia said business was keen on a more focused partnership between the government and business to bring best resources and capacity in the country to bear in order to make urgent progress.
- Read the full original of the report in the above regard by Mary Papayya at BusinessLive (subscriber access only)
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