SA cannot afford further erosion of confidence and instability - BUSA - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Business Unity South Africa (BUSA) says the country cannot afford further erosion of confidence and instability, at a time when business is committed to work with government.

The independent expert panel was tasked with establishing whether

had a case to answer regarding the theft of millions of US dollars in cash from his Phala Phala farm in Limpopo in 2020.BUSA says the country needs a capable government that can fulfill its governance role ethically and efficiently. In a statement it says ongoing efforts to address ethical and moral challenges within government have been negatively impacted by the findings in the report.

BUSA is urging the speaker of Parliament to expedite the processing of the report through Parliament and act with extreme urgency. The organisation says the country needs clear direction in the next few days, so that a clear message is sent to citizens, investors, and others.

 

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What confidence do investors have in a president who breaks local and international laws by hiding large amounts of forex at his farm and using state resources to cover his tracks? Ramaphosa is corrupt there’s no way to explain that money.

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Let us remember, business is not here to enrich South Africans but here to make profit, the jobs provision that come along with such is considered 'normal business inconveniences' & business does it's best to minimize such inconveniences...

You mean at the time private business are taking over SOEs?

I guess all the deals he was trying to secure from his recent visits will be put on hold coz no one will pour their money in an unstable country.

So South Africans must accept money laundering.

They only care about themselves not the country ramaposa must go

MorningLiveSABC Business South have every right to panic and the rand to start falling because criminals who lost 2017 at Nasrec are coming back to recapture the state. Bad news for the MYANC and the country.

It comes as no surprise that business wants South Africa to be ruled by people who have been enriched by business. Business enables corruption and is a stumbling block to a 'better life for all'.

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Former President RamaDollar

A constitutional delinquent must not be fired because imaginary confidence and stability. Structural reform = state capture2

BUSA must just

Crazy to think in SA that we can talk good about corrupt behaviour.

Business commited to work with government to benefit who? Everything is a mess in this country right now but ramaphosa must be protected

BUSA, what are you guys talking about? Where do live, RSA is burning on your watch. Give us a break, you've lost credibility a long time ago. Hell.

If he does we will use force

Promoting corruption

The business wants to save its own business moghul and doesn't care about his moral standard😭🤔

What does that even mean?

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