The Black Business Council (BBC) voiced its alarm at the Quarterly Labour Force Survey, released on Monday.
They implored both the private sector and Government to work aggressively in partnership to ensure that much needed - and now increasingly urgent - transformation objectives are effectively achieved.
This is vital, it said, to create an environment conducive for job creation and skills development, through measures that stimulate and sustain industrialisation and increased economic growth.
The Money Show’s Bruce Whitfield interviewed Mohale Ralebitso, CEO of Black Business Council.
Scroll down for quotes from the audio below.
We’ve got some solutions, I’d like to think.— Mohale Ralebitso, Black Business Council CEO
Germany is a good model for us.— Mohale Ralebitso, Black Business Council CEO
We need to start running experiments.— Mohale Ralebitso, Black Business Council CEO
We’re missing the participation of large South African companies.— Mohale Ralebitso, Black Business Council CEO
We cannot operate in an environment where unemployment is increasing.— Mohale Ralebitso, Black Business Council CEO
In my fantasy world we have our first citizens voluntarily signing up for a wealth tax.— Mohale Ralebitso, Black Business Council CEO
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews Pavlo Phitidis, founder of Aurik Business Accelerator.
The Money Show’s Bruce Whitfield interviews Darryn Faulds, a fund manager at Grovest Group.
Revenue collections are surprisingly good, so far, thanks to the VAT hike. Bruce Whitfield interviews PwC's Kyle Mandy.
Times are tough. Don’t spare her feelings! You must ask these questions of your advisor, implores Galileo Capital's Warren Ingram.
Testimonies at the Sars Inquiry has many South African taxpayers panicked. Bruce Whitfield interviews Sars' Mark Kingon.
The Money Show’s Bruce Whitfield interviews Mohale Ralebitso, CEO of the Black Business Council.
A News24 investigation has exposed how some of South Africa's biggest companies have been advertising on fake news websites.
Nutrition and diet expert, Catherine Pereira, shares some advice on how to make healthier decisions for your morning meals.
Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone Viral'.
Anton Fourie says he used his phone to record the interaction to create awareness of what is going on in the community.
Cheryl Zondi is testifying against Pastor Timothy Omotoso who is accused of rape and human trafficking in his Durban church.