SACCI’S Response to the President’s decision to reshuffle the cabinet

  • March 31st, 2017

As the South African Chamber of Commerce and Industry (SACCI) we have received the news of the Cabinet Reshuffle with concern, especially at a time when speculation was rife about the pending changes in the National Treasury.

 

Although it is a presidential prerogative for the president to deploy his ministers accordingly, we as business strongly believe that some measure of prudence is exercised to avoid the subsequent knock-on effect such decisions are likely to have on the economy of our country. On the political front it is our call as business formation that there be cooperative partnership in managing sensitivities that may adversely impact our risk profile in international markets.

 

That being the case, we want to urge government together with business, representatives of labour and civil society to get back to the investment road show in an effort to calm the markets and to build investor confidence.

 

South Africa needs a stable and conducive climate for economic growth for us to be a preferred investment destination. These fundamentals must be supported by carefully thought through political decisions to the best interest of our beloved country, South Africa.

 

Contact:

SACCI President Mr Zeph Ndlovu (083 306 8367)

SACCI CEO    Mr Alan Mukoki (082 511 1159)

 

Kind Regards

Tshidi Moatshe

SACCI Communications

South African Chamber of Commerce and Industry (SACCI)

Tel: +27 11 446 3800

Cel: +27 76 935 5681

Fax: 086 528 2662

Email: tshidim@sacci.org.za

The South African Chamber of Commerce and Industry (SACCI) is proud to have achieved a BBBEE Level 2 Contributor status and a Procurement Recognition Level of 125%