Johannesburg 29 February 2024 – Business Leadership South Africa (BLSA) welcomes the appointment of a permanent executive team at Transnet and applauds the Transnet board for choosing worthy candidates to lead the state-owned entity. BLSA congratulates Ms Michelle Phillips on her appointment as Chief Executive Officer and Ms Nosipho Maphumulo as Group Chief Financial Officer….

BLSA congratulates Minister Godongwana for a solid budget with a realistic approach to addressing the country’s core problems while maintaining a credible path to reducing our sovereign debt.

By Busisiwe Mavuso

The financial predicament of Transnet and Eskom continues to be a serious issue for their performance. We have seen a great deal of public money put into them (as well as other state-owned entities) and yet their performance continues to be weak.

By Busisiwe Mavuso

While some regulatory reforms have eased the burden on business, it has overall been getting harder to run companies in South Africa.

By Busisiwe Mavuso

Business wanted clear indications of how blockages will be overcome to improve confidence that reform momentum will be maintained.

BACSA operated as a division of Business Leadership South Africa (BLSA) since 1 June 2020 until recently, but has now been established as a separate legal entity following BLSA board approval. This paves the way for BACSA to become the primary point of contact for the Government’s interaction with B4SA’s Crime and Corruption focal area.

By Busisiwe Mavuso

An election year obviously adds a dynamic to Sona. Business’s main interest is in supporting economic growth, and slogans do not deliver it. We need the hard work of reform implementation to continue.