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Zuma holds fruitful meeting with SA business leaders

The Presidency says the meeting opened channels of communication between govt & the private sector.

President Jacob Zuma. Picture: Reinart Toerien/EWN

JOHANNESBURG - The Presidency says the meeting President Jacob Zuma had with business leaders yesterday has opened channels of communication between government and the private sector.

The CEOs of some of South Africa's top companies met with the president and his team ahead of the State of the Nation Address, due to be delivered at Parliament in Cape Town tomorrow.

The main theme of the meeting was to find ways to grow the economy.

The Presidency says steps to address the difficult economic climate were agreed upon during yesterday's meeting and an action plan has been drawn up to create jobs and reduce unemployment.

There were also discussions about how South Africa can avoid being downgraded to junk status by international ratings agencies.

Also on the agenda were ways to deal with the drought, facilitate the growth of small to medium businesses and boosting investment.

It's being reported that business leaders submitted an eight-point plan for government to consider.

Going forward, a joint task team will now report back on progress in May.