The Black Business Council wants the company's board and chief executive, Andre de Ruyter, to step down. It believes that De Ruyter has achieved nothing at the utility and has made things worse.
Jabu Mabuza, who passed away due to COVID-19 related complications last week. was being remembered during a virtual memorial service on Monday morning.
Tourism Minister Mmamoloko Kubayi-Ngubane explained that the fates of everyone in the country, including business and government, were intertwined, which was why a transformed inclusive economy was in the best interest of all.
The President referenced the R100 billion infrastructure fund in his address on Thursday night, saying it's now in full operation, and funding projects like the rehabilitation of major highways.
The latest GDP figures showed the economy contracted by 16.4% in the first and second quarter this year.
This week, the Department of Employment and Labour found that some employers did not follow the basic prescripts of occupational health and safety laws and COVID-19 prevention regulations.
Businesses and other societal activities were forced to shut down seven weeks ago when the government enforced a nationwide lockdown to prevent the spread of COVID-19.
The ANC national spokesperson Pule Mabe told the Black Business Council summit on Thursday that the funding gap for emerging enterprises could be filled by pensions.
Speaking at the Black Business Council Summit at Gallagher Estate in Midrand, Economic Freedom Fighters leader Julius Malema says that just like renovating a house, there will always be problems, but, eventually, you'll get your house in order.
The EFF leader challenged black business people to disrupt the status quo if a transformed and inclusive economy was to be achieved.
President Cyril Ramaphosa said the R100 billion increase in local investment at the South Africa Investment Conference showed that local confidence is growing.
President Cyril Ramaphosa met with the Black Business Council at the Union Buildings in Pretoria on 21 November 2019. Here are the main outcomes.
The appointment of Andre de Ruyter has received mixed reactions, including criticism that it was anti-transformation.
President Cyril Ramaphosa was speaking at a meeting with the Black Business Council at the Union Buildings on Thursday.
The Black Business Council has likened government’s response to the economic and unemployment crisis to that of a deer in the headlights.
Business Leadership South Africa’s Bonang Mohale says they are confident President Cyril Ramaphosa's team has the necessary tools to adequately tackle the country's challenges.
The council is now calling for the intensified application of transformative socio-economic policies.
The organisations met last week to discuss the burning issues affecting business in the country.
