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Business aims to lift growth by 3% through joint government initiative | Business

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Business organisations say they are stepping in to help government as the country's slide continues. | News24_Business

Business organisations say that their joint initiative with government on the three priority areas of energy, logistics, and crime and corruption has the potential to lift SA's economic growth by three percentage points.

BUSA CEO Cas Coovadia said there had been a notable change in enthusiasm in this week's meeting, with"substantial input" from Cabinet ministers demonstrating progress. The amended ERA is critical to restructuring the energy supply industry and creating opportunities for competitive energy generation. Mackay said he was also very confident that the National Transmission Company, which will be spun out of Eskom in the unbundling, will be fully licensed soon. Last week, the National Energy Regulator of SA approved the first licence required with two others in the pipeline.

In the transport and logistics work stream, joint teams were finalising the freight logistics road map, which will be available for consultation by the end of August and submitted to Cabinet by the end of September.

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