Statement from Business Leadership South Africa on the credit agency updates

Today’s announcements by S&P to downgrade their local currency rating, and Moody’s to place the country on ‘downgrade review’ represent a fresh setback for South Africa. It will deliver yet another blow to an already weakened economy and negatively impact the everyday lives of millions of South Africans.  Business and investor confidence in South Africa…

Resignation of Michael Sachs, DDG for Treasury’s budget office

The resignation of the DDG for the Treasury’s budget office is of enormous concern, said Business Leadership South Africa (BLSA) today. Michael Sachs is another in a line of admirable and competent professionals leaving what is arguably our most important ministry tasked with the economic wellbeing of the country. His departure, following previous warnings about…

BLSA appoints Busisiwe Mavuso as chief operations officer

Business Leadership South Africa (BLSA) has appointed Busisiwe Mavuso as its chief operations officer and board member with effect from 1 November 2017. Mavuso will be responsible, among others, for operations; finance & administration; ICT; compliance; policy & strategy; membership services and programme management. Mavuso was the MD of the Black Management Forum (BMF), an…

Eskom and BLSA agree to work together going forward

The Eskom interim chief executive Sean Maritz and Business Leadership South Africa (BLSA) CEO Bonang Mohale met today and have agreed on a working relationship going forward. “We had a robust and positive interaction with Mr Mohale this morning. Some of the issues he raised with us pertain to internal processes which are currently being addressed. And Eskom is committed…

BLSA Statement on the anniversary of the Public Protector’s report on state capture

On the anniversary of the publication of the Public Protector of South Africa’s report on state capture, Business Leadership South Africa (BLSA) repeated its call for a judicial commission of inquiry into state capture and made the following statement: A year ago, the Public Protector published her report detailing how far our country and government…

BLSA appoints Tebele Makhetha as head of policy and legislation

11 October 2017, Business Leadership South Africa, the business body representing more than 70 of the country’s largest companies and multinationals, has appointed Ms Tebele Liteboho Makhetha (32) as its director for policy and legislation effective from November 1 this year. Ms Makhetha will be responsible for ensuring compliance with relevant legislation and regulations, policy development,…

BLSA announcement on suspension of Eskom and Transnet

Business Leadership South Africa (BLSA) announces that it has today suspended the membership of both Eskom and Transnet with immediate effect. This follows BLSA’s engagement with the two state-owned enterprises in connection with extensive allegations of corrupt behaviour over a long period. BLSA CEO Bonang Mohale said, “South Africans have been rightly disturbed in recent…