The president of BBC, Sandile Zungu, has welcomed President Cyril Ramaphosa's move to start an economic research committee.President Cyril Ramaphosa's decision to reinstate the presidency’s policy and research unit has been welcomed by black business, saying this was an important development in the new administration.
The paper reported that it was also expected that a new growth plan and a new industrial policy will emanate from work done within the presidency and that an experienced cabinet minister will be appointed to work in the presidency, purely as adviser to Ramaphosa. “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,” he said.
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Vodacom earnings fall 6.6% on black share schemeOne of South Africa's biggest mobile phone operator Vodacom reported a 6.6% drop in full-year earnings due to one-off costs related to a share scheme offered to black investors.
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