No trust between state and business, says Remgro CEO

The government doesn’t always trust the intentions of the private sector, said Remgro’s Jannie Durand on Thursday, calling for greater urgency in implementing reforms that would build private sector confidence.

However, Durand said the government has not gone further in making it attractive for investors to plough money into Transnet. Durand said it was important for the government and business to close the trust deficit between them. However, more than a year later, there is still no agreement between the state, business and labour on how to tackle key socioeconomic issues.

Durand said corporate SA was determined to assist the National Prosecuting Authority with requisite skills to curb the scourge of corruption. He said one of the avenues they were looking at, apart from giving the prosecuting authority money, was for the training of prosecutors and investigators.

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