CEOs from Standard Bank, Nedbank, Pick n Pay, Naspers, Massmart, Coca Cola, Sasol and over 100 other companies have signed a pledge to help government improve service delivery.
115 CEOs from many of South Africa’s largest companies have signed a pledge to offer their skills to the government to help alleviate the many crises that the country faces., the CEOs committed to helping solve country’s energy, logistics and security issues.
Adrian Gore, the CEO of Discovery, said that South African business leaders are committed to helping mitigate major problems facing South Africa. In an “unprecedented” meeting in June, President Cyril Ramaphosa met with various business and government leaders to look at ways to remove obstacles that are inhibiting economic growth and job creation.
The presidency added that the initiative would build on the success seen in the Covid-19 vaccine rollout, where the state and business extensively collaborated. She said that further investment into the country is impossible if business confidence is not improved.for the first half of 2023, fixed investment in South Africa saw a dramatic decline.
Mavuso said that if South Africa cannot grow the economy, the unemployment rate of 32.9% – 42.4% using the expanded definition – will not be addressed.
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