FROM THE OFFICE OF THE CEO
PRESS RELEASE


TO: PRINT AND ELECTRONIC MEDIA HOUSES
FROM: KGANKI MATABANE
DATE: 14 May 2019

SUBJECT: BBC WELCOMES THE REINSTATEMENT OF THE PRESIDENCY’S POLICY AND RESEARCH UNIT

The Black Business Council (BBC) welcomes the reinstatement of the Presidency’s policy and research unit and views this as an important development in the new administration. Implementation is the key driver of socio-economic transformation and inclusive growth.

“Policy certainty is vitally important in any business environment as it drives sentiments of investors all over the world. This development sends the correct signal that the new administration is serious about implementation and monitoring of current policies. The policy unit should also bring the much-needed policy cohesion that will undo the silo behaviour across all spheres of government” Said Sandile Zungu, President of the Black Business Council

The BBC also calls on business, labour, government and community to unite in their actions to support economic revival and policy implementation. The President of the Republic of SA, Mr Cyril Ramaphosa, can count on the support of the BBC as he sets South Africa on a renewed path.

“The BBC has always advocated for the intensification of policy implementation that will strengthen the government’s ability to adequately address the triple challenges of unemployment, poverty and inequality. This also fits well with the call by the BBC to establish a fit-for-purpose cabinet and administration” concludes Zungu.

ENDS

About the Black Business Council

The Black Business Council (BBC) is the over-arching confederation that represents black professional, business associations and chambers. The primary purpose of the BBC is to lobby government on policy related matters and to play an advocacy role where policies are in place in order to accelerate the participation of black business in the mainstream economy.