South Africa: CEOs From 115 Firms Pledge to Contribute to Economic Revitalisation

Harare — CEOs from more than 115 top South African companies, which together employ 1.

CEOs from more than 100 other large corporations, including Standard Bank, FNB, Shell, Anglo American, Napsers, Woolworths, Spar, Vodacom, MTN, and Netcare, are said to have signed the pledge.to addressing South Africa's many difficulties, fostering inclusive economic growth, and acting as"a force for good" because they believe in the country's potential.

Adrian Gore, group CEO of Discovery and vice president of Business Unity South Africa , said that the pledge was more than just a token act and represented a"concrete commitment to drive change in key sectors that are essential for our economic recovery." A partnership between President Cyril Ramaphosa and Busa, through its arm Business for South Africa, has recently been announced to implement interventions in the fields of energy, transportation and logistics, and crime and corruption. While a R100 million resource mobilisation fund has also been raised to support the addition of expertise to the National Energy Crisis Committee, which was established to address the loadshedding crisis.

South Africa's growth is set to decelerate sharply in 2023 due to power cuts, the International Monetary Fund

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