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Ramaphosa apologises to business owners for govt’s failure to pay on time

President Cyril Ramaphosa was speaking at a meeting with the Black Business Council at the Union Buildings on Thursday.

President Cyril Ramaphosa addresses the Black Business Council at the Union Buildings. Picture: Abigail Javier/EWN

JOHANNESBURG - President Cyril Ramaphosa said government valued the input of black business on strategies to grow the economy.

Ramaphosa was speaking at a meeting with the Black Business Council at the Union Buildings on Thursday.

This came amid staggering unemployment figures and ailing state-owned entities.

Ramaphosa has also apologised to business owners for government's failure to pay them on time.

“We are therefore working very hard to fix the problem in this regard. The Black Business Council has always maintained that business does not only have a responsibility to its shareholders but that it is much broader and therefore have a role to play in building an inclusive economy and society.”

He said government departments that were still not paying business on time would soon find themselves in trouble.

Ramaphosa assured the Black Business Council that government's commitment to pay within 30 days must be honoured.

He said he was aware that black businesses providing services to the state still face payment challenges.

“Despite the introduction of a 30-day payment stipulation, we know that it is not being uniformly adhered to. There are certain pockets and entities in government that are adhering to it.”