What big business wants to see from South Africa’s new government – and the thing they fear most

Business leaders are emphasising the urgent need for political parties to immediately prioritise national interests over political agendas, advocating for broad cooperation to enhance business confidence and ensure lasting government stability.

“A coalition will require sacrifices – not every party can get everything it wants that is the outcome of this election: South Africans have expressed support for many different parties,” said BLSA.To instil business confidence, “parties must now put narrow interests aside and work together to deliver on that mandate… find a way to agree that will shore up confidence” in lasting government stability, said BLSA.

To do this, “the partnership between business and government on Energy, Logistics and Law and Order must continue,” said Coovadia.Permanent end to load sheddingTo fix load shedding and reduce the cost of electricity, Mavuso says that the new administration “must conclude vital reforms to the electricity sector, including the unbundling of an independent systems operator from Eskom and the establishment of an open market for electricity supply.

The Freight Logistics System roadmap demands strict adherence to timelines from government agencies, with Mavuso saying that there must be a focus on enabling Transnet to start concessioning within the first 100 days.“Business critically depends on the rule of law, without which it cannot commit substantial investment,” said Mavuso.

“The structural reforms underway to address these and other challenges are critical to turn the tide on unemployment and restart economic growth,” said BLSA.

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