Business Unity South Africa’s plan to deracialise the South African economy

Business Unity South Africa (Busa) has launched a plan to deracialise the South African economy.

We recognise that apartheid systematically engineered significant aspects of the economy and society in favour of the white population. Addressing the systemic impact, therefore, calls for significant, fundamental structural shifts to address the historical legacy and grow the economy in an inclusive manner. Business is committed to accelerating this process and working together with government, and key social partners including organised labour.

Tanya Cohen, Business Unity South Africa

Busa has identified a number of urgent steps to be taken by business in collaboration with government, organised labour and civil society to boost inclusive growth for the benefit of the majority of South Africans.

  • Open markets and access to capital to support growth of black-owned small and emerging businesses.

  • Activate critical transformational enablers, including demand led skills development for youth employment.

  • Building a vibrant, diverse and globally competitive economy that harnesses the full economic and human potential of South Africa.

  • Decisive action required to ease regulatory burden and stop corruption and maladministration which undermine economic transformation efforts.

  • Establish the status quo, the end state and the way forward on a fully collaborative basis with government and social partners.

The Money Show’s Bruce Whitfield interviewed Busa CEO Tanya Cohen.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

What are the steps we need to take as business?

Tanya Cohen, Business Unity South Africa

We acknowledge that business hasn’t done enough.

Tanya Cohen, Business Unity South Africa

JSE-listed companies constitute only a third of the economy.

Tanya Cohen, Business Unity South Africa

A lot of evidence is contested.

Tanya Cohen, Business Unity South Africa

We’ve been compliance driven… that has to change.

Tanya Cohen, Business Unity South Africa

We engage with the economic cluster in Government.

Tanya Cohen, Business Unity South Africa

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This article first appeared on 702 : Business Unity South Africa’s plan to deracialise the South African economy


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