CAPE TOWN - Business Report is happy to create an opportunity where leaders and business industry officials can come together and discuss how the South African economy can grow.
The Vineyard Hotel played host to Finance Minister Malusi Gigaba, Dr Christo Wiese and many other business leaders on Friday at the first Business Report Ignite breakfast. The event was conceptualised by Business Report editor Adri Senekal de Wet in order to facilitate a dialogue between business leaders and decision makers within government.
One of the main issues discussed was the embattled South African Airways. While some argued that the government needed to disband the airline, Gigaba stated that he wants to depoliticise the airline. Gigaba made it very clear that he was happy with the appointment of new CEO Vuyani Jarana.
Gigaba intends to create a new SAA board that is more aligned to business interests and less on political issues. One of his main concerns was the hindrances that occur when board members and board chairs are unable to do their jobs because of the criticism they get for their political alliances.
Rating agencies and their legitimacy were also discussed.
"It is of great concern how rating agencies fail to show their requirements of political instability within a country," Gigaba said.
He challenged South Africans from all sectors to continue to invest and support SA's economy.
This is a breaking story and more information will follow.
-BUSINESS REPORT ONLINE